ATP is closing down after going into administration, the company has announced.
Its ATP Iceland festival, scheduled for July 1-3, will no longer take place. Three acts - Múm, Blanck Mass and Fabio Frizzi – had recently withdrawn from the event, while its other UK shows will go ahead with new promoters.
“It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down," the firm said in statement on its website. "After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP festivals and live promotions with immediate effect and going into administration.
“ATP Iceland festival is no longer happening, but all our other UK shows will have new promoters appointed and tickets transferred (all purchased tickets remain valid with the new promoter). We will post details of the administrators and what to do for festival ticket refunds over the next week.
“We are very sorry we could not make this work and have tried to survive throughout all our recent losses but we are no longer able to trade and have to accept we cannot go on. Thank you to all our loyal customers who have supported us and incredible artists who have performed or curated for us over the years and made ATP so special while it lasted.”
The development follows a turbulent few year for the once much-loved brand. In April the second ATP 2.0 festival, due to have been curated by Drive Like Jehu, was cancelled. Its Jabberwocky Festival was cancelled three days before it was due to take place on August 15-16, 2014 at the ExCel in London.
Prior to that, the company went into liquidation in June 2012 with a reported debt of £2.6 million. Founder Barry Hogan and business partner Deborah Higgins then restructured as Willwal Ltd to launch new events.
