Since 2005 Montebello Rockfest has grown to become Canada’s largest music event, but the Quebec festival today announced it will be filing for bankruptcy protection.
Rockfest organizers made the announcement on Thursday night in a press release, revealing that they hope the decision will help them restructure and carry on. The move comes just one week after the festival accepted more than $500,000 in financial support for this year’s event, which marked Montebello Rockfest’s 13th edition.
“There is a strong commitment to find solutions so that the festival will be held next year and in years to come,” said festival spokesperson Gilles Corriveau.
Organizers stated they are putting all their efforts into their restructuring plan and aim to attract new investors.
“It’s just a question of reorganizing everything because they are definitely determined to hold this festival for years to come,” Corriveau stated, adding, “Definitely there have been mistakes or there have been situations that put the festival in this situation.”
With a local population of 978 residents, the small town of Montebello attracts over 200,000 festival-goers during Rockfest. The event proposes a diverse lineup with mainstream acts, as well as cult bands, reunions, rarities and emerging talent.
Montebello Rockfest held its 13th edition last weekend in Montebello, QC. Prophets of Rage, Tenacious D, Weezer, Five Finger Death Punch, Godsmack, A Day To Remember, Stone Temple Pilots and many more played this year’s event.
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