ATP will be “closing down the entire live side of ATP festivals and live promotion with immediate effect”.
All Tomorrow’s Parties has finally called it quits after years of financial struggles. They announced today in a statement that they are shutting down immediately, also cancelling the upcoming ATP event in Iceland due to funding.
ATP released a statement today on their site, “It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down. After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP Festivals and live promotions with immediate effect and going into administration”.
“We are very sorry we could not make this work and have tried to survive throughout all our recent losses but we are no longer able to trade and have to accept we cannot go on. Thank you to all our loyal customers who have supported us and incredible artists who have performed or curated for us over the years and made ATP so special while it lasted” via Pitchfork.
ATP was founded in 2001 by Barry Hogan, and was named after the song of the same name by The Velvet Underground. ATP was inspired by the Bowlie Weekender, an event held at Camber Sands Pontins in 1999. In fact, the first All Tomorrow’s Parties event, curated by Mogwai, was held at the same venue in Sussex. The ATP festival became popular for its rock, avant-garde, and underground hip-hop tendencies and presented an environment that was more intimate than other stadium and large fields that were commonly the settings for festivals.
In 2012, the company behind the ATP festivals was put into liquidation, because of debts owing up to £2.6 million. The company set up a new firm, Wilwall, which also went on to experience troubles dealing with debt. Just three days before the event was to take place, a Grizzly Bear concert at Alexandra Palace was cancelled along with the urban festival, Jabberwocky. More recently, a festival hosted by Drive Like Jehu was cancelled in Wales, but fortunately relocated to Manchester, England before being cancelled. And now, news has broke that the company is finally giving up on the original festival after 16 years and will cancel its upcoming festival in Iceland as well.