Well known Adelaide promoter, Five Four Entertainment (which also runs Lion Arts Factory as well as delivering Spin Off Festival and the SA leg of St Jerome's Laneway Festival) has petitioned the SA Government ahead of an imminent closure due to state-based COVID restrictions.
Club night promoter Plus One Co. is also part of the group of companies (alongside Five Four and Lion Arts) run and managed by Co-Founder's and Co-Director's Craig Lock and Ross Osmon, who fear that unless there is immediate financial intervention from Premier Steven Marshall and his SA government, the Five Four and Lion Arts businesses are six months or less away from bankruptcy and closing.
Prior to COVID, the three businesses had a combined staff equivalent of 24 full-timers, with an annual total yearly economic impact of $35 million with another $6 million generated for tourism to the state.
"Our group of companies occupies a unique position in the SA music scene being the largest, most diverse, and probably well-known for-profit and privately owned music industry group in the state with over a decade's experience working within the SA, national and international music sector," Craig Lock says in the petition.
Five Four have brought the likes of Childish Gambino, Lana Del Rey, Foals, The Wombats, Two Door Cinema Club and others to Adelaide, as well as previously managing and developing Tkay Maidza for seven years in addition to interstate acts Japanese Wallpaper and City Calm Down.
Five Four are seeking $400,000 to secure staff and cover fixed costs for the equivalent of 18 months while they cannot run events.
Lions Arts Factory are seeking the immediate extension of their lease for an additional five years to allow extra time to recover, a rent-free period until capacity restrictions are reinstated to 100 per cent, and $100k to cover staff and fixed costs during lockdowns until international touring (40 per cent of their business) has returned.Read the petition in full.