Due to the coronavirus pandemic, all have been suspended for almost two years culture, which was paid for by the company Festivalpark Production, which organizes a favorite in Hradec Králové festival Hip Hop Kemp. For two years now, she has had to do without an event that more than 20,000 people go to every year. The company has now asked the court for opening of insolvency proceedings with a proposal to declare bankruptcy, informs Newstream. Hip Hop Kemp so probably ends.
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„The designer has withstood strong competition, which is still escalating, for many seasons, almost twenty years of the Hip Hop Kemp festival in Hradec Králové and other events took place. He paid considerable taxes, employing tens to hundreds of workers in the season. Any deterioration in his position on the music festival market could have been liquidating for him, which also happened due to the pandemic,“Said the company’s CEO Radek Maliník.
The court of his application to open insolvency proceedings complied and it is therefore likely that the festival, which was attended by more than 20,000 music fans a year and which was once one of the 50 best festivals in the world, it will never happen again.
„Due to government measures and the extremely uncertain situation, the petitioner decided not to hold the festivals in the summer season 2020, as he would be forced to pay advances to performers without any guarantee and sell tickets in advance for a season which, according to estimates, should not take place at all or only to a limited extent. ,“Maliník added.
The first year of the festival Hip Hop Kemp took place in 2002 in Pardubice and only a year later he moved to the airport in Hradec Králové, where he shared the land with the legendary festival Rock for People. Thanks to Hip Hop Kemp, Czech fans could enjoy it concerts of world stars, jako jsou Kendrick Lamar, Yelawolf, Odd Future, Mos Def, Sean Price, Mobb Deep, Roots, rapper Guru z Gang Starr, Redman nebo Machine Gun Kelly.
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