The ten highest-earning musicians made a combined $71.1m from sales, publishing and streaming in 2016 – less than 25% of the $291.7m earned from touring
Sign up for IQ Index
The latest industry news to your inbox.
Brisbane-based Southern Stars Touring has entered into liquidation after its Beach Boys shows in NSW were dogged by poor weather and low ticket sales
By Jon Chapple on 28 Jun 2017
Fledgling Australian concert promoter Southern Stars Touring has become insolvent, liquidator David Clout & Associates has confirmed.
Southern Stars, founded in Brisbane in November 2016 to tour international rock acts in regional Australia, appointed David Clout’s Patricia Tolty as liquidator on Monday 12 June, according to a notice filed with the Australian Securities and Investment Commission (ASIC).
The business ran into trouble after stormy weather forced the partial cancellation of a Beach Boys–Temptations double-header in Wagga Wagga, New South Wales, on 11 February.
“They needed more ticket sales. They only did about six shows”
According to the Wagga Wagga Daily Advertiser, Southern Stars, led by promoter and director Steve Scherri, owes local businesses around A$700,000 (US$532,000) owing to a combination of the postponed show and lower-than-expected ticket sales for the tour.
Wayne Sims, who operates hire company Riverina Audio and Light, is owed $1,375. He tells the paper: “They needed more ticket sales. They only did about six shows.
“It’s a shame, but this stuff happens. Touring is an expensive business.”
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.