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Major festival becomes the latest Australian music event to collapse after Splendour In The Grass was cancelled
Popular Australian music festival NYE In The Park has become the latest music event to collapse.
The NSW Supreme Court ordered ITP Music Pty Ltd, the business behind the event, to go into liquidation last week after it was unable to pay its debts. Logistics company Kennards Hire reportedly took legal action against NYE In The Park in February over an unpaid debt of an unspecified amount. The NSW Supreme Court ordered ITP Music Pty Ltd, the business behind the event, to go into liquidation last week after it was unable to pay its debts
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