ATP goes into administration

ATP is closing down and going into administration, the company has announced. The company's Iceland festival, scheduled for July 1-3 and which had already seen a number of artiste cancellations, will no longer take place but its other UK shows will go ahead with new promoters: “It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down," the firm said in statement on its website. "After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP festivals and live promotions with immediate effect and going into administration" adding  “ATP Iceland festival is no longer happening, but all our other UK shows will have new promoters appointed and tickets transferred (all purchased tickets remain valid with the new promoter). We will post details of the administrators and what to do for festival ticket refunds over the next week.