Sydney-based theatre-makers Darlinghurst Theatre Company have announced today that they entered voluntary administration on June 17th.
BRI Ferrier’s Jonathon Keenan and Peter Krejci have been announced as the Joint & Several Administrators of the theatre company as they seek a means to “save or restructure” the business. They have asked any parties interested in assisting with recapitalisation and restructuring the business to contact the Administrator’s office urgently.
As a result of the voluntary administration, upcoming events from DTC have been cancelled. Ticket holders are encouraged to seek their refunds through a “chargeback” from their credit card providers.
The announcement comes less than two weeks after the company released a post requesting donations, outlining that only 2% of their funding comes from the government, while ticket sales and donations make up the rest.
In that statement, the company said: “Reaching that 98% has been an uphill battle for us this financial year. We’ve been tirelessly fighting to keep our doors open amidst financial challenges, and now, more than ever, we need your support to ensure the future of DTC’s ambitious…