FRINGE WORLD says it’s willing to compensate artists left out of pocket after the collapse of events company JumpClimb.
The festival organiser says it will pay some of the $200,000 owed to artists if it can’t be recouped.
On Thursday May 3 the Fringe board announced it was employing lawyers K&L Gates to commence proceedings to put JumpClimb into administration and it would use $85,000 in booking fees to partly pay artists if the liquidators aren’t able to claw back the entire amount.
Fringe World will also review its ticketing system and look at other models to better protect artists.
CEO Marcus Canning said in a statement Thursday morning: “All who are owed money are asking the million dollar question: what did JumpClimb do with the money?”
Fringe World had passed on a lump sum of cash made by ticket sales to JumpClimb, which was supposed to be divvied up to the artists and other professionals performing in JumpClimb’s section of the festival.
“Although we have no legal obligation to address the situation financially, we feel is our duty. Although we budgeted to break even this festival and met our targets we are committing these funds to this devastating emergence as we’re absolutely dedicated to Fringe artists and will do everything in our power to support them in whatever ways possible, Mr Canning said.
Performing Arts WA, aka the Equity Benevolent Guild, has also offered assistance to local artists.
by DAVID BELL