TADC Sweden, one of Scandinavia’s largest event organisers, has filed for bankruptcy.
The organiser said that the lasting impact of the pandemic, increased costs and a lull in ticket sales were to blame.
TADC was due to organise shows from acts such as Trivium, Alestorm, Lamb of God, W.A.S.P, Helloween and more. The company has said that it is attempting to find solutions for events happening next year, but all remaining events in 2022 will be canceled.
In a statement, TADC said: “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.”