Peats Ridge Festival "wound up"

Image for Peats Ridge Festival "wound up"

New Year’s fixture Peats Ridge Festival is being wound up, according to a statement from the organisers this afternoon: “In the wake of what was an incredible 2012 Peats Ridge Festival, it is with great regret that I have to announce that the income from ticket sales and other sources fell below that required to meet the costs of the event. As a result, the Festival’s accountants have advised that the entity that runs the Festival be wound up. We are in discussion with various parties about the future of the Festival and will release information as soon as it becomes available. I would like to thank everybody involved in creating the 2012 Festival and for making such an extraordinary and memorable event possible.”

With nine years of festivities to its name, Peats Ridge established itself as one of Australia’s leading New Year’s camp-outs, producing diverse line-ups while remaining true to its ethos of environmental sustainability. The 2012/2013 edition of the festival was headed by the ‘most requested band in the festival’s history’ John Butler Trio and celebrated soul group Sharon Jones and The Dap Kings, with dance fans catered for by Krafty Kuts and A-Skillz, a Friendly Fires DJ set, Luke Slater, Theo Parrish and plenty more.

The festival was staged in Glenworth Valley, one of Australia’s most picturesque festival locations, with “art installations, kooky themed venues, multimedia, theatre, dance, cabaret, comedy, circus, and much, much more”.

Social

Comments

www.inthemix.com.au arrow left
311829
stubs

stubs said on the 18th Jan, 2013

Hands down the best festival in NSW. It'll be a real shame if it's not back next year. Good luck Mama Peats.

mckenna

mckenna said on the 18th Jan, 2013

was there a lot of tickets not sold? prices seemed extremly high

Chunkylifestyle

Chunkylifestyle said on the 19th Jan, 2013

Such sad news, was definitely one of the best. Ticket prices were quite high which scared a lot of people off, but it seemed pretty full though? They could maybe cut costs by axing a couple of the stages, while i loved how many there were, probably didnt need all of them.

Lets hope they work something out to bring it back next year!

mr flauge

mr flauge said on the 19th Jan, 2013

high ticket prices for a poor lineup when compared to the other new years camp out festivals.

m_xt

m_xt said on the 19th Jan, 2013

Don't worry guys, we are getting Tomorrowland festival anyway. Who wants to drive in to the middle no where and camp and stuff when we can have another festival in the middle of Sydney for the same price per ticket and be back in bed by 1 am! Plus they'll prob have some totes ridic acts like Guetta and Hardwell.

misterjon

misterjon said on the 24th Jan, 2013

they will no doubt be back as unfortunately there will always be acts and service providers who dont know that they wont be paid and that they pull this shit every year. "Oh we didnt make any money, we cant pay people. We have to wind up the business.... and start it again under a different name and do it all over again."

Staged

Staged said on the 7th Feb, 2013

So sad to hear about Peats. I've worked at other festivals and people tend to look at festival ticket sales and think. wow. x times y and they must be making a fortune! But when you take into account toilets, fencing, security, stage hire, marquee hire, radio hire, sound, lights, generators, waste mangement, advertising,etc and the big one, insurance and public liability (yikes)... things ain"t looking so good, and in this economic climate, sponsers are thin on the ground. But hey, for alot of us, money isn"t the issue, we just love to see it happen, and we love the music. Peats had something special going, it's a damn shame.