The Supafest hip hop festival has collapsed under legal trouble and debt, but new administrators will go ahead with a 2013 event.
A 2012 controversy with headline acts, a long lawsuit and $2 million of debt saw Supafest and Paperchase Touring and Entertainment handed over to new promoters and administrations from liquidation company Jirsch Sutherland. Along with founder John Denison, they group are trying desperately to keep Supafest going for another year.
Denison wants to hold an April Supafest, a likely attempt to combat the rise of the new Movement festival headlined and curated by Nas, and announced via Twitter that rapper 50 cent will feature in the 2013 lineup.
Supafest was twice put into receivership, 2011 and 2012, after accruing debts to an international entrepreneur and enraged thousands of fans last year when the festival falsely promoted P.Diddy (Sean Combs), Rick Ross and Missy Elliot as part of the lineup.
Supafest said that the acts were pulled in order to save money, but Missy Elliot’s manager claimed she was never booked to play the festival. Combs went to Twitter, saying he was "mad as f---" about a breach of contract by the festival.
Australian Courts penalised the Supafest group with fines for dishonest business practices and fans were eventually rewarded refunds before the festival went ahead with Chris Brown, Ice Cube and Kelly Rowland instead.
The Peats Ridge festival also collapsed last week due to similar circumstances.
The New Year’s festival, that features over 200 acts, has failed to make money despite its huge popularity and a number of acts remain unpaid.