Festivals detail fallout from Lyte’s shutdown
Lyte clients have opened up about the losses they're facing after the sudden shutdown of the US-based ticketing exchange firm
News By Lisa Henderson | 11 October 2024
Details of the fallout from the sudden closure of US-based ticketing exchange firm Lyte have begun to emerge.
Lyte shut down in mid-September after ten years of operation, with CEO and founder Ant Taylor confirming that an “emergency board/creditors effort [is] underway” to find a potential buyer to repay punters and promoters affected by Lyte’s sudden shutdown.
Since then, some of Lyte’s clients have spoken out – and even taken legal action – against the firm, which reportedly owes numerous promoters hundreds of thousands of dollars.
Organisers of Lost Paradise, an annual touring Australian festival that has been running since 2014, yesterday (10 October) said that there’s now a question mark over this year’s edition.
“As you all know, Lyte has gone into administration,”…
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