Norway’s Quart music fest files bankruptcy again

Photo: VisitNORWAY.com

The organizers of Quart, Norway’s biggest summer music festival in Kristiansand, have declared bankruptcy for the second time in two years, reports the Canadian Press.

Last year the festival filed for bankruptcy and canceled dues to poor tickets sales. Following the 2007 festival, the company had a deficiency of roughly 16 million kroner, writes Wikipedia.

Quart 2009 took place June 30-July 4 and featured former Guns N’ Roses guitarist Slash and Ozzy Osbourne as the headliner, but the festival organizers were by mid-September still not able to pay their employees.

On Oct. 5 the District Court records in Kristiansand showed that Quart Festival organizers had to file for bankruptcy once again. Organizer Arild Buli told the commercial network TV2 that Quart is 15 million kroner in debt after this year’s festival sold just 67,000 tickets, less than half what organizers anticipated.

It is unclear if Quart 2010 will open June 29 as scheduled.

Kristiansand is the capital of the county of Vest-Agder and is the 5th largest municipality in Norway with a population of about 80,000. it is located on the southern coast of Norway and is one of the most popular tourist destinations in Norway during the summer months.