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Cancelled Soundwave Festival owes millions to 2015 performing bands

Posted by on December 18, 2015

It hasn’t been a week since Soundwave Festival started limping on their tracks and hinted about not doing another edition next in 2017, which ended up turning true and even cancelled their 2016 edition due to lack of ticket sales. We have seen that story before with Rockstar’s Mayhem Festival here in the US except for the slight difference of the owed money to the bands that previously played, or at least that we know.

According to some documents obtained from the Australian Securities and Investments Commission (ASIC) from a meeting of Soundwave creditors on 7th October detail the money creditors believe Soundwave acts are owed and the numbers aren’t something to take very lightly as they go from some relatively low amounts owed to their locals Ne Obliviscaris $5,720.60 AUD to owing heavy hitters like Smashing Pumpkins $1,267,446.43. AUD.

The list is pretty long and all are in Australian Dollarydoos  but you can get a conversion with Google at the current rate of USD $0.71/$1 AUD:

  • All Time Low — $141,144.70
  • Animals as Leaders — $16,607.14
  • Antemasque — $138,721.43
  • Apocalyptica — $65,601.90
  • Area-7 — $7,594.20
  • Atreyu — $52,044.64
  • Coldrain — $16,270.50
  • Crossfaith — $25,431.55
  • Deathstars — $17,500.00
  • Dragonforce — $21,000.00
  • Emily’s Army — $19,185.29
  • Escape the Fate — $21,985.68
  • Faith No More — $751,076.20
  • Falling In Reverse — $54,064.98
  • Fall Out Boy — $394,107.14
  • Fear Factory — $78,263.96
  • Fucked Up — $24,779.40
  • Gerard Way — $89,510.75
  • Godflesh — $33,314.00
  • Godsmack — $200,000.00
  • Hollywood Undead — $65,183.54
  • Incubus — $571,428.58
  • Judas Priest — $349,560.55
  • Killer Be Killed — $24,513.00
  • Lagwagon — $30,274.52
  • Lamb of God — $161,323.33
  • Live Nation Worldwide, Inc — $1,180,325.56
  • Lower Than Atlantis — $18,800.06
  • Marilyn Manson — $588,000.56
  • Millencolin — $91,874.50
  • Ministry — $203,952.01
  • Monuments — $19,153.00
  • Ne Obliviscaris — $5,720.60
  • New Found Glory — $43,279.88
  • Nonpoint — $8,137.54
  • Nothing More — $35,000.00
  • Of Mice and Men — $29,040.00
  • Papa Roach — $93,050.93
  • Patent Pending — $22,000.00
  • Slash — $484,628.00
  • Sleepwave — $17,470.35
  • Slipknot — $1,645,299.29
  • Soundgarden — $2,132,075.00
  • Steel Panther — $92,517.57
  • The Aquabats — $32,787.26
  • The Color Morale — $11,464.58
  • The Interrupters — $20,231.14
  • The Raglans — $11,059.82
  • The Smashing Pumpkins — $1,267,446.43
  • The Swellers — $21,412.24
  • The Treatment — $8,193.74
  • The Vandals — $57,142.86
  • Tonight Alive — $38,500.00
  • Twin Atlantic — $20,154.85

If you owed that much money to that many bands, you better cancel your next festival so you don’t sink in more into your debt and apparently, some bands like British Monuments are recurring to an SOS crowdfunding campaign to recoup some of the money they lost with that show.

[via Metal Injection]

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Categorised in: Festivals, News, Updates