Pemby Fest is one of the biggest annual summer events in B.C. that brings out some of the best and highly anticipated acts to British Columbia for four days filled with live performances in a massive outdoor park.
But no longer. The 2017 Pemberton Music Festival has reportedly been cancelled.
According to multiple reports on Twitter, organizers are axing the annual summer event and have filed for bankruptcy.
The Pemberton Music Festival was scheduled to take place from July 13 – 16. Headliners this year included Chance the Rapper, Muse, Diplo, Big Sean, Alesso, and A Tribe Called Quest, among others.
According to documents obtained by Global News and CKNW from a local accounting firm, organizers have reportedly stated there will be no automatic refunds for tickets and “decreased ticket sales and increased operating losses” have led the festival to apply for bankruptcy. “As PMF is now in bankruptcy, it has no ability to provide refunds for tickets purchased. However ticketholders may file a proof of claim form as an unsecured creditor with EYI in accordance with the claims process.”
On the contrary, the Pemberton Music Festival’s website and social media accounts have yet to announce the news. In fact, the festival has deleted their Twitter account.
Meanwhile, tickets are still available for purchase on their website.
UPDATE: The Pemberton Music Festival has updated their website with the following message:
IN THE MATTER OF THE BANKRUPTCY OF PEMBERTON MUSIC FESTIVAL LIMITED PARTNERSHIP AND 1115666 B.C. LTD. (Collectively the “PMF”)
On May 18, 2017, PMF made an assignment into bankruptcy pursuant to Section 49 of the Bankruptcy
and Insolvency Act (the “BIA”). Ernst & Young Inc. (“EYI”) was appointed as the trustee in bankruptcy (the “Trustee”).
As a result of PMF’s assignment in bankruptcy:
The 2017 PEMBERTON MUSIC FESTIVAL IS CANCELLED.
The 2017 Pemberton Music Festival scheduled for July 13 – 16, 2017 is cancelled and will not proceed as scheduled. The Trustee will issue formal notice of the bankruptcy proceeding to all known creditors of PMF within 5 days of its appointment.
Unfortunately there are no automatic refunds from PMF. As PMF is now in bankruptcy, it has no ability to provide refunds for tickets purchased. However ticketholders may file a proof of claim form as an unsecured creditor with EYI in accordance with the claims process. Proof of claim forms will be mailed to known PMF creditors in due course and made available on the Trustee’s website. A determination of recovery, if any, on the claims of ticket holders from the estate will not be known for several weeks. The Trustee will provide an update to creditors in due course.
Refunds may be available to ticketholders from third parties if tickets were purchased using a credit card. As each bank and credit card issuer have their own specific policies, ticketholders are to contact their bank or credit card issuer directly to determine whether a refund can be obtained. The Trustee will provide further details concerning contact information for the various credit cards and financial institutions on its website.