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Radio companies owed thousands as promoter goes into liquidation
A number of radio companies are owed money as promotions and event planning business, Abstract Entertainment enters liquidation.
The promoter and event planning business owes close to $700,000 to 95 individual creditors spanning radio networks, ticketing companies, musicians, venues and promoters.
Its related entity, Abstract Touring, is still trading, and recently announced the Belinda Carlisle Tour of Australia for February 2022.
Abstract Entertainment largely blamed COVID-19 for its deteriorating financial performance and position which led to the self-imposed wind up.
Australian Radio Network (ARN) is owed $32,338.80, Nine Radio is down $23,716, and Southern Cross Austereo (SCA) $15,247.10.