SFX’s Totem OneLove, Stereosonic promoter, goes bust
Following the cancellation of Stereosonic 2016, Totem OneLove Group has followed its parent company into administration
News By | 24 May 2016
Totem OneLove Group, the Australian subsidiary of SFX Entertainment that promotes Stereosonic festival, has declared bankruptcy.
The company, trading as SFX-Totem Operating Pty Ltd, is shown as having entered “external administration” by the Australian Securities and Investments Commission (ASIC) and confirmed to theMusic.com.au this morning that administrators have been appointed.
A separate company, Totem OneLove Group Pty Ltd, is currently shown, however, as still being active. IQ has contacted Totem OneLove for clarification.
Totem OneLove and Stereosonic were…
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