Despite reaching more than double its targeted funding of £30,000 in 2013, Kickstarter cancels Alt-Fest over costs.
The organizers of metal festival Kickstarter Alt-Fest have announced its cancellation over lack of required funds only days before its debut. The festival was to be held from August 15-17 in Kettering, Northamptonshire, England as a celebration of alternative music, art, lifestyle and culture.
The weekender had promised an exciting concert headlined by Marilyn Manson and Gary Numan. The line-up for the fest had also included The Cult, Arch Enemy, Fearless Vampire Killers, Cradle of Filth and Fields of the Nephilim.
Although, 7500 tickets had already been sold, to achieve a break even another 3,000 needed to find buyers.
Alt-Fest had managed to raise £61,000 through Kickstarter, a global crowd funding website based in the US, but about £1.7 million was still needed for the event.
Kickstarter was formed in 2009 by Perry Chan, Yancey Strickler and Charles Adler to help bring creative projects to life. The website has so far reportedly received over $1 billion in pledges from 5.7 million donors to fund 135,000 projects, which include films, music, stage shows, comics, journalism, video games, and food-related projects.
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