the_flight_of_the_magpie
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Following on from todays news that AJ Maddah is no longer involved in the Big Day Out, the Sydney Morning Herald have claimed that the festival will not be held in Australia at all next year.
According to SMH no bookings have been made at the venues where the BDO has been held in recent years. The General Manager of the Sydney Showground, Peter Thorpe, confirmed the news: All I know is they cancelled the booking last week and we were told to release the date, he told the paper. Its very disappointing for the fans and for us because its an iconic event. It was the first rock and roll event I went to and the first we held. I was there for 20 years at Paddington and weve been with it here ever since.
Earlier today, Music Feeds reported that on June 4 Maddah and his wife Joanna Ward transferred their 50 percent stake in the festival over to US-based company C3 presents, who bought into the Big Day Out in January 2012. On the same day, Maddah stood down as Big Day Out director. According to reports, the newly appointed director of Big Day Out Presents is Blake Kendrick, whose LinkedIn profile lists him as assistant Accountant to the Big Day Out.
Maddah bought into the Big Day Out in September 2013, purchasing Ken Wests stake of the festival. According to Fairfax reports, the festival lost between $8- and $15-million on the 2014 event, which was headlined by Pearl Jam and Arcade Fire, but was marred by Blurs 11th hour cancellation.
http://www.fasterlouder.com.au/news/39795/No-plans-for-Big-Day-Out-to-return-in-2015