Former Soundwave Festival director, AJ Maddah, has this week said he plans to pay back all debts relating to the failed festival.
Soundwave Festival collapsed in 2016 following the cancellation of the event after eight barnstorming years (2008-2015).
Maddah was talking about the festival in a Facebook thread and stated, "even though the debts are legally extinguished through the administration/ liquidator/ creditor settlement process I still voluntarilly and with no obligation send out monthly payments to bands and local creditors. It will take a few more years but I hope to have everyone paid."
It will take a few more years but I hope to have everyone paid.
Debts owed to artists as at 2018 were an eye-watering 10 million dollars, including Slipknot, Soundgarden and The Smashing Pumpkins in the $1,000,000 club.
Smashing Pumpkins in 2012
All Time Low — $141,144.70
Animals as Leaders — $16,607.14
Antemasque — $138,721.43
Apocalyptica — $65,601.90
Area-7 — $7,594.20
Atreyu — $52,044.64
Coldrain — $16,270.50
Crossfaith — $25,431.55
Deathstars — $17,500.00
Dragonforce — $21,000.00
Emily’s Army — $19,185.29
Escape the Fate — $21,985.68
Faith No More — $751,076.20
Falling In Reverse — $54,064.98
Fall Out Boy — $394,107.14
Fear Factory — $78,263.96
Fucked Up — $24,779.40
Gerard Way — $89,510.75
Godflesh — $33,314.00
Godsmack — $200,000.00
Hollywood Undead — $65,183.54
Incubus — $571,428.58
Judas Priest — $349,560.55
Killer Be Killed — $24,513.00
Lagwagon — $30,274.52
Lamb of God — $161,323.33
Live Nation Worldwide, Inc — $1,180,325.56
Lower Than Atlantis — $18,800.06
Marilyn Manson — $588,000.56
Millencolin — $91,874.50
Ministry — $203,952.01
Monuments — $19,153.00
Ne Obliviscaris — $5,720.60
New Found Glory — $43,279.88
Nonpoint — $8,137.54
Nothing More — $35,000.00
Of Mice and Men — $29,040.00
Papa Roach — $93,050.93
Patent Pending — $22,000.00
Slash — $484,628.00
Sleepwave — $17,470.35
Slipknot — $1,645,299.29
Soundgarden — $2,132,075.00
Steel Panther — $92,517.57
The Aquabats — $32,787.26
The Color Morale — $11,464.58
The Interrupters — $20,231.14
The Raglans — $11,059.82
The Smashing Pumpkins — $1,267,446.43
The Swellers — $21,412.24
The Treatment — $8,193.74
The Vandals — $57,142.86
Tonight Alive — $38,500.00
Twin Atlantic — $20,154.85
The list does not include suppliers. scenestr and other independent media were among the hundreds of creditors of the collapsed company. This company has not been contacted by Mr Maddah in the ensuing eight years.
