Ticketing company Showbiz, who provide premium options for concerts and live events in Australia, have entered administration, with The Music writing that administrators seized control of the company this morning. The company’s website and Twitter page are currently down.
In the past, the company worked with major tour promoters, as well as theatre and event companies, to provide VIP and premium options for such tours as Eminem, Bon Jovi, Steel Panther, and Lionel Richie, as well as more recently, Soulfest, Vivid LIVE, and Wicked.
The company’s official website has been showing a “currently unavailable” message all day and as The Music reports, the Australian Securities & Investment Commission listing for Showbiz International Pty Ltd shows that the company lodged a 505 document — a notice of appointment of an external administrator — today. Currently, no official statement has been released by Showbiz.
Administrators from the PKF Lawler accounting group have now taken control of the company and its assets, which as The Music writes, could potentially include any cash holdings from ticket sales. The company will reportedly continue trading while under the control of the administrators.
Showbiz’s Managing Director Simon Challenor was not able to comment to The Music this afternoon, while the PKF Lawler insolvency officers assigned to the company were in meetings and not able to return The Music‘s call, leaving few details for ticket-holders and the public to go on.
VIP side-of-stage tickets for Soulfest were scheduled to be released this morning via Showbiz. On the Soulfest Facebook page, organisers advised fans that due to Showbiz’s website being “down indefinitely,” VIP passes will now be released via the Soulfest website at 9am Monday, 7th April.