Perth: Fringe World to compensate artists hit by JumpClimp collapse

Perth: Fringe World to compensate artists hit by JumpClimp collapse

FRINGE World has announced measures to support artists affected by the collapse of event management company JumpClimb, who produced shows for the event.

Last Friday it emerged JumpClimb would be forced to stop trading, leaving Fringe performers and staff shortchanged by approximately $200,000.

The board of Fringe World has criticised the directors of JumpClimb, who they say are not moving into administration on their own.

Fringe World and their legal partner K&L Gates have begun proceedings to appoint a liquidator to JumpClimb Pty Ltd as soon as possible.

Fringe World will also return all booking fees gathered through the Fringe ticketing system during the festival to the artists affected.

This will raise up to $85,000 to address the problem if the liquidators aren’t able to claw back the debts owed by JumpClimb to artists.

“All who are owed are asking the million dollar question, what did JumpClimb do with all the money?” Fringe World CEO Marcus Canning said.

“Our goal is for a suitably experienced, qualified and independent person to investigate what has happened and try and claw back funds for the benefit of affected artists and production companies.

“We believe it is the strongest and most decisive action we can take on behalf of Fringe artists.”

”Although we have no legal obligation to address the situation financially, we feel it is our duty.

“Although we budgeted to break even this Festival and met our targets we are committing these funds to this devastating emergence as we are absolutely dedicated to Fringe artists and will do everything in our power to support them in whatever ways possible.

“It’s the ethical thing to do and it’s an expression of our values – at the heart of all we do are the artists.”

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