One of Scandinavia’s largest event organisators TADC has filed for bankruptcy. The company has released an official statement saying low profitability during the summer of 2022 has resulted in a turnover that drove the company into bankruptcy. The company has released the following statement around the matter:
“We are very sorry to have to announce that TADC Sweden AB will be declared bankrupt.
The last few days have been very tough both for us and other players in the concert industry. Due to lingering effects from the pandemic and sharply increased costs in combination with reduced ticket sales, the situation has finally become unsustainable.
For that reason, unfortunately, the remaining events in 2022 will be cancelled.
We are trying to find solutions for the events in the next year and will return with information about it and about possible repurchases of tickets.
This is a situation that we really would have preferred not to find ourselves in. TADC has for many years worked hard to be able to deliver concerts to the Nordic audience and our visitors have always been important to us.
We understand that many people are affected and that this causes problems for those of you who planned to attend one of the concerts. We apologize profusely for this.
As soon as there is more information, we will get back to you.”
The company was supposed to organize shows within Scandinavia for Trivium, Alestorm, Lamb Of God, W.A.S.P., Helloween, Accept etc. on their upcoming European tours. TADC is trying to find solutions for the events in the next year and will return with information about it and about possible repurchases of tickets.