Only hours before their scheduled party on NYE, promoters One Cube Entertainment pulled the plug on the inaugural ‘NYE festival’ at the newly established Wet’n’Wild water park in Sydney.
Billed to bring together a strong run of local and international talent, the ‘NYE Festival’ successfully sold a whopping 9000 tickets ranging between $110 to $200. According to the SMH and Telegraph, the event was primarily cancelled due to the events ‘management plan for crowd control and safety failing to meet Wet’n’Wild’s standards’.
Despite the desperate move to calm the angry punters and salvage the massive costs and production of the festival, One Cube Entertainment owners Nikola Alavanja and Diego Tobar agreed to refund more than $1 million in ticket money after the intervention of NSW Fair Trading Minister Stuart Ayres.
“It was about letting people know that the promoter couldn’t contract out of refunding the money – you cannot postpone New Year’s Eve,” Mr Ayres told the Telegraph today
Under consumer law, the company is set to lose further “millions in compensation claims from disappointed partygoers who had already paid for associated costs, including hotels and airline tickets.”
In an online bio, Urban Agent who ran the event alongside Trashbags and One Cube were previously a major investor with the failed Hip Hop Festival Supafaest. Since the NYE cancellation, director Eric Woo’s personal twitter profile is now deleted, personal facebook page gone and Urban Agent’s facebook page gone as well – look’s like someone is going underground.
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