A PERTH-based events management company is closing down, with claims it owes artists close to $200,000.
JumpClimb, which is an independent presenter of events at Perth’s Fringe World festival, is tipped to enter voluntary administration.
A statement on the JumpClimb website said: “A combination of factors including a downturn in ticket sales on recent projects, debtors going into receivership and the general economic slow-down, has led to a financial predicament wherein it is no longer viable or responsible we continue to operate.”
At the 2018 Fringe World, JumpClimb presented a large program across an array of venues.
Fringe World said it had been informed that a range of artists are owed money by JumpClimb from their 2018 seasons.
Fringe World said it paid all owed ticketing income to JumpClimb in relation to the 2018 Festival in March.
“It would seem that JumpClimb did not then use this money to pay the money owed to the artists who created the work,” a Fringe World statement said.
“Event management companies have a responsibility to pay their creditors, in particular the artists they present.
“Fringe World is deeply troubled that JumpClimb has failed in its responsibilities and that this will negatively impact on artists.”