Pemberton Music Festival cancelled

Pemberton Music Festival Suddenly Canceled Due to Bankruptcy

The organizers of the annual summer-time festival announced late Thursday afternoon that it has filed for bankruptcy and cancelled this year's event.

Meanwhile, New Orleans promoter Huka Entertainment, who touted the festival as "a world-class experience from Huka" on its website, downplayed its involvement in a statement Thursday, saying it was only "a contract producer" and didn't make the decision to cancel the event, which it attributed to Pemberton Music Festival LP.

This year's four-day event was slated to feature Muse, A Tribe Called Quest and Chance the Rapper. In addition to falling ticket sales and increased operating losses, the weakening Canadian dollar is reported to have a significant impact.

It also said that the festival is having difficulty sourcing talent because of "a limited number of artists touring in 2017".

"Also, refunds may be available to ticketholders from third parties if tickets were purchased using a credit card".

For the past four years Huka Entertainment has worked to create a one-of-a-kind experience in the most attractive place on earth.

In written responses to a dozen questions, the former directors confirmed that the decision to cancel the festival was made Wednesday at 7:45 p.m.

Ontario's WayHome Music & Arts Festival extended a helping hand to attendees of the Bahamas's disastrousFyre Festival in offering them free general admission.

The Ja Rule-headlined Fyre Festival collapsed before it even began on the Bahamanian island of Great Exuma last month, leaving would-be concertgoers staggering about on a barren site that more resembled a refugee camp than a festival ground, and is now the object of $100 million in various lawsuits.

WATCH: B.C.'s biggest music festival of the year, set for this July, has been cancelled, and there's no guarantee all ticketholders will get their money back.

For their part, event organizers Huka Entertainment issued a statement saying the while the festival had gone bankrupt, the New Orleans-based concert promoter was still in business and trying to sort through the mess.

The creditors will need to provide supporting documentation to prove these claims.

There are no automatic refunds for ticket buyers, but people may file a proof of claim form with Ernst & Young, and those who used a credit card for their purchase are advised to contact their bank or credit card issuer to see if they can obtain a refund.

"Unfortunately there are no automatic refunds from PMF".

Ticketholders can submit a proof of claim for newly appointed trustee Ernst & Young Inc.to approve, but the status of the claim may not be known for several weeks.

"In due course, the Trustee will provide further details concerning contact information for the various credit cards and financial institutions on its website".

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