Following A Reported Cancellation, Stereosonic’s Melbourne Office Is Up For Lease

Yesterday it was reported that Stereosonic had been supposedly cancelled for good and now more fuel has been added to that flame as it seems the festival’s Melbourne office is up for lease.

As inthemix spotted, the Melbourne office just off Chapel St on Windsor is being listed as for lease on Photos of the building on the website show Stereosonic and Creamfields posters on the wall.

In Stereosonic’s privacy policy listed on their website, the address of the parent company Totem Onelove is named as the same address as this building up for lease, confirming that this was once the address of their office.

While it’s unknown if they’re simply moving to another location, this news fits with The Daily Telegraph‘s reports that, “all the core team behind Stereosonic have left [parent company] SFX and there’s hardly anyone left to put on the festival.”

“Plus SFX is dealing with bankruptcy in the US with the CEO Robert Sillerman gone and the business in disarray, it seems unlikely the festival will return,” a source close to the festival told the publication.

Earlier this year, SFX announced that it had filed for bankruptcy in the US amid a reshuffling of the business and downsizing. Melbourne-based SFX subsidiary Totem Onelove are yet to respond to any speculation that the festival is finished for good.

See the best and worst reactions to the news after it broke last night here.

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