Manchester is set to welcome a new arts venue in 2023 in the form of the £186m ($227m/€213m) Factory International, with its opening events announced in September 2022. Director Danny Boyle will use the space to launch a live production of The Matrix, while the venue will also become the permanent home of the Manchester …
Festicket owed more than £22.5m at time of collapse
Festival package company Festicket owed £22,560,175 (€25,937,322/$25,333,835) in unsecured debts to creditors before entering administration, according to a filing on Companies House. The filing shows that some of the UK-based creditors include Event Horizon, which was owed £2,290,244 and Slammin’ Events, which was left £1,346,679 out of pocket. AEG Presents was also owed £1,506,352. …
Lyte confirms acquisition of Festicket and Event Genius assets
Event technology platform Lyte has confirmed the acquisition of Festicket and Event Genius assets. Festicket recently fell into administration after filing a moratorium in an attempt to rescue the company in August. Lyte had agreed to purchase Festicket and Event Genius’ assets last month and the acquisition has now been confirmed. Festicket worked with festivals …
Administrators appointed for crumbling Festicket
Administrators have been appointed for the ailing Festicket, after the festival package company failed to come up with a rescue plan. According to a filing on Companies House, Administrators Lee Manning, Cameron Gunn and Simon Jagger of ReSolve Advisory Limited have been appointed. Festicket worked with festivals and events as official partners to provide general …
Lyte to acquire Event Genius assets as parent company Festicket set to fall into administration
Event Genius, which was acquired by the failing Festicket in 2019, has issued an update to its partners informing them that an agreement has been made with ticket exchange service Lyte to acquire certain assets. Last month, Festicket filed a moratorium which typically means that struggling businesses are given formal breathing room to try and …