It appears that the current poor festival climate has taken its toll on another one of our popular events. This time it’s Peats Ridge, who have announced just this afternoon that they are winding up the event due to low income from the recent 2012 event.
A statement from Festival & Creative Director Matt Grant was posted on Facebook saying:
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.
We spoke to Matt Grant just recently, where he talked to us about the toll it takes on him, as he explains: “(The toll is) immense, it’s absolutely immense. I’ve been doing it for 9 years and one of the reasons I like organising festivals is because I didn’t want to get bored in my job. There’s absolutely no danger whatsoever of me ever falling asleep at my desk, I can tell you that.”
Very sad news.