The promoters of the now-cancelled Vancouver Bon Jovi concert have filed for bankruptcy.
In a statement, Paper Rain Promotions says the concert, which was scheduled to take place this Saturday in Stanley Park, was plagued by low ticket sales.
Paper Rain says it led to a lack of money for the first required paid installment to the band.
When the promoters asked for an extension, they allege Bon Jovi’s management team refused.
Paper Rain is also claiming there were no efforts by Bon Jovi’s management to help with marketing.
They say that included no access to the band for media interviews, or other promotional materials.
Paper Rain’s website has also been pulled from the web.
Whether or not Paper Rain Promotions will be able to issue refunds to around 7000 ticket holders is still up in the air.
The company says it is going to try and figure out what to do for its customers.
Tickets were sold through Tickets Tonight, a branch of Tourism Vancouver.
Paul Korzilius with Bon Jovi’s Management says “we’re exploring legal remedies but all that matters now is that we’re working to fix the mess Paper Rain has created so we make this right for our fans. More on that tomorrow.”
Read the full statement here:
For immediate Release
For the past several weeks, Paper Rain has been advocating tirelessly for a postponement in the Stanley Park Concert by Jon Bon Jovi and the Kings of Suburbia because of a lack of ticket sales. The reality is that not enough tickets were sold to cover the cost of the artist and band’s fee, much less the other substantial costs involved. We had urged the artist’s management to grant us a postponement in order to protect the ticket buyers, the City, the Park Board, and our suppliers.
The artist’s management team flatly and repeatedly refused to allow a postponement and instead they insisted that the concert be cancelled. Paper Rain had no part in the cancellation and we remain in disagreement with that action. Our postponement request was immediately denied by the artist’s management. Our intention was to work with the artist and his management to do whatever was possible to ensure that this concert went ahead.
The creative design was complete. The massive stage was in the city; the production team was busy at work; the light design had been finalized, the traffic management plan, safety plan and security plans were all in place; porta-potties had be secured and catering negotiated.
Most importantly, we received unqualified support from the City and from the Park Board with regard to building permits which were scheduled to be issued on Monday at 1:00pm when we took possession of the site from the last event. Although the show components had been worked on for more than a year and were in place, the ticket sales for the concert continued to lag. Even in light of unexpectedly low sales, we were prepared to work the artist’s management to do everything possible to bring the concert to fruition.
We were not allowed access to the artist for media interviews. We repeatedly requested access to collateral and marketing support materials but were advised that such materials did not exist. In the final week before the show we were advised the artist would not be bringing merchandise for sale; and, VIP tickets that were reserved for the Jon Bon Jovi fan Club have never been paid for.
We are confident that this situation could have been avoided completely. We regret to advise that effectively immediate, as a result of the above, Paper Rain Performances is insolvent. We are deeply troubled by the disappointment that this has caused the artist’s fans and the City of Vancouver in general.