ATP outline new business restructure

13 July 2012, 16:36 | Written by The Line of Best Fit

(News)

All Tomorrow’s Parties have announced details of the much talked about changes to their business structure.

The internet was rife with gossip last week when it seemed that the company was set to cease. But while ATP Concerts LTD has indeed been liquidised, it’s now been revealed that a new company has been set up in its place.

This new company will operate as Willwal Limited and will be divided into three different wings: ATP Festivals, ATP Recordings and ATP shows.

The announcement also confirms that all future events are to go ahead as planned, apart from the Septemeber U.S. event which will move from New Jersey to Manhattan.

ATP issued the following statement on their official website:

“We have now completed a restructuring of the business of ATP Concerts Limited. This involved the Voluntary Liquidation of ATP Concerts Limited and transfer of its assets (including the rights to the All Tomorrow’s Parties festival, label, and shows) to a new company called Willwal Limited. We will also be dividing the business into three different companies; ATP Festivals, ATP Recordings and ATP Shows.
The team however, remain the same, having been transferred over to Willwal Limited – and the festival is still called All Tomorrow’s Parties. All future events will continue as scheduled on the dates advertised and all tickets for those events are still valid.
ATP remains unwaveringly committed to hosting world class events. Since our inception it has been our mission to provide quality concerts for discerning music lovers around the world – our number one priority has always been the bands and the fans and we work hard, sometimes under difficult circumstances, to achieve the highest standards possible. It is a tough climate out there, but this restructuring will ensure that ATP is around for many more years to come. We thank the fans who have stood by us over the years and especially during this recent time of reorganisation.
Other news we are announcing today is that the U.S. event on September 21 – 23 is to be moved from Asbury Park, New Jersey to Manhattan, New York. This is due to logistical reasons and a full press release regarding the move will be posted here. Anyone unable to attend due to this change will be able to request a full refund.
We have many exciting developments and opportunities available to us that will be announced over the coming months. We will be continuing the work we have done over the past 13 years and would like to thank everyone for their kind support over the past week – we apologise that this statement has taken longer than anticipated to be released (due to needing certain legal clearances) – we thank you again for your patience and apologise for any unnecessary worry caused.
On Monday we will announce the first bands for this December’s Nightmare Before Christmas festival curated by Shellac.”