Scotland’s largest outdoor music festival Doune the Rabbit Hole goes into liquidation two months after facing accusations of not paying artists.
Doune The Rabbit Hole Festival Ltd, the company behind the renowned electro-pop music festival, announced that amid “huge financial difficulty,” it will sell some assets to settle the outstanding payments racked during this year’s edition.
But that doesn’t mean the music event’s days are numbered. Despite the financial difficulty, Doune The Rabbit Hole Festival will reportedly relaunch under the new management of Festival Beverage and Property Services Ltd.
In a statement, the company “pledged” to repay artists, crew members, and suppliers from the 2022 edition.
“Doune The Rabbit Hole Festival will take place on 21-23 July, 2023 under the new management of Festival Beverage and Property Services Ltd, who operated the festival in 2018 and 2019. All purchased tickets and payment plans remain fully valid.”
Back in October, the event faced scrutiny as organizers failed to fulfill their financial responsibilities towards headliners.
When the music event returned to Stirling’s Cardross Estate in July after a two-year hiatus, it hosted artists like Amy MacDonald, Belle & Sebastian, Sleaford Mods, and Teenage Fanclub.
The festival’s management quoted the discrepancies between income level, rising costs, and the pandemic-induced break as reasons behind the cash flow issues.
“In spite of attracting our biggest ever audience, income levels did not increase sufficiently to cover the full 2022 budget on top of the costs sunk throughout 2020 and 2021 as we waited for lockdown measures to ease.”