Last week, The Mushroom Group - Australia’s largest independent music and entertainment group, and its subsidiary Frontier Touring, Australasia’s #1 concert promoter - issued a statement revealing it had bought into Future Entertainment's Future Music Festival and it's under-18s little sister, Good Life. Now it appears that the move was a strategic one to keep the festivals afloat, with Tone Deaf reporting today that Music Events Holdings Pty Ltd - formerly known as Future Entertainment Pty Ltd - was placed into liquidation through a court order this morning in Victoria’s Supreme Court.
The court also placed Music Events Tours Pty Ltd (formerly Future Tours Pty Ltd) and Music Events Operations Pty Ltd (formerly Future Events Pty Ltd) into liquidation, which was not contested by Future Entertainment's legal council.
The amount of money owed to creditors by the companies formerly known as Future Entertainment has not been disclosed.