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MF Live, the company behind cancelled Canadian rock festival Roxodus, has filed for bankruptcy.
The company, whose “sole purpose was to organise the Roxodus Music Fest”, owes over CA$18 million (US$13.8m) to around 200 creditors, including $5m ($3.8m) to ticketing provider Eventbrite and $11.1m ($8.5m) to contractors Taurus Site Services. MF Live’s assets equate to $154,000 ($118,000) in cash.
According to liquidator Grant Thornton Limited, “the event did not generate sufficient ticket sales to cover the expected costs, leaving MF Live Inc. insolvent.”
“We also understand that earlier wet weather posed certain challenges in preparing the site for the event and prevented MF Live Inc. from being able to host a safe event,” reads the document.
“The event did not generate sufficient ticket sales to cover the expected costs, leaving MF Live insolvent”
A statement on the festival’s website blames “rainy weather” for the cancellation of the festival, which was to feature performances from Nickelback, Blondie, Aerosmith and Kid Rock.
Last week, Eventbrite announced it would provide all ticketholders with a refund, while continuing “to aggressively pursue the return of funds from the festival’s creators.”
At the same time, MF Live co-founder Mike Dunphy denied all responsibility for issuing refunds. Dunphy also refuted rumours that he had “stolen monies”.
Dunphy and fellow MF Live founder Fab Loranger parted ways ten days before the festival’s cancellation and are no longer on speaking terms, according to an interview with CTV News.
The first meeting of the creditors is scheduled to take place at 10 a.m. on 30 July at the Grant Thornton offices in Toronto.
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Kid Rock has rebranded his upcoming Greatest Show on Earth tour under legal pressure from Feld Entertainment.
Feld, which owns the trademark ‘The Greatest Show on Earth’, sued Kid Rock (real name Robert James Richie) and the tour’s promoter, Live Nation, just before Christmas, alleging the name of the tour dilutes and infringes on its “famous trademark”.
As first spotted by Amplify, the tour, which kicks off on 19 January, has since been quietly renamed – one of Feld’s demands – to the American Rock ’n Roll tour, although the question of damages and legal fees has yet to be resolved. Both ‘Greatest Show on Earth’ and ‘American Rock ’n Roll’ are songs from Richie’s latest album, Sweet Southern Sugar.
“While I firmly believe that I am entitled under the First Amendment to name my tour after my song, I have changed the tour name because I do not want this lawsuit to distract me or my fans from focusing on what is important in my upcoming tour – my music,” Richie (pictured) wrote in a declaration to the US district court for middle Florida.
Despite the name change, a spokesperson for Feld – which also demanded Richie/Live Nation turn over any revenue from merchandise featuring the disputed slogan, as well as additional unspecified damages – says the company is still planning to pursue the lawsuit, whose initial hearing is set for 9.30am on 16 January.
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Feld Entertainment, the owner of circus company Ringling Bros, is suing Kid Rock and promoter Live Nation for trademark infringement over the name of the upcoming Greatest Show on Earth tour.
Feld claims the tour, announced in October and due to kick off at Bridgestone Arena (20,000-cap.) in Nashville on 19 January, dilutes and infringes on its “famous trademark”, ‘The Greatest Show on Earth’.
Its lawsuit, Feld Entertainment, Inc. et al v. Ritchie et al, was filed in the US district court for middle Florida before Christmas, and seeks to force Kid Rock – real name Robert James Richie – and Live Nation to change the name of the tour and turn over any revenue from merchandise featuring the disputed slogan, as well as additional unspecified damages.
According to Feld’s general counsel, Lisa Joiner, the company took the decision to go to the courts after “repeatedly contact[ing] defendants to obtain their cooperation to stop the infringement and [being] ignored”.
“We have authorised licensees for Ringling Bros and The Greatest Show On Earth, but Kid Rock is not one of them”
“We have authorised licensees for Ringling Bros and The Greatest Show On Earth, but Kid Rock is not one of them,” she adds.
“This historic trademark has been an important part of Ringling Bros for the past century, and it is recognised as a trusted and iconic brand of family-friendly entertainment,” says Kenneth Feld, Feld Entertainment’s chairman and CEO. “The Greatest Show on Earth continues to live on and will do so well into the future. We have no intention of surrendering the trademark or allowing it to be tarnished.”
An initial hearing is set for 9.30am on 16 January – three days before the start of the tour – with judge Mary S. Scriven presiding.
IQ celebrated Feld’s 50 years in the family entertainment spotlight with an anniversary feature in issue 70.
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