2008 Cancelling and Bankruptcy
On the evening of June 6, citing low ticket sales (14 000 against a budget of 30 000), the festival management officially decided to cancel the 2008 festival (supposed to start on July 1) and as well file the managing company for bankruptcy. Following the 2007 festival, the company had a deficiency of roughly 16 million kroner.
Read more about this topic: Quart Festival
Famous quotes containing the word bankruptcy:
“A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.”
—Washington Irving (1783–1859)