How much will promoters lose from the Festicket collapse?

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including confirmation from Festicket's administrators that a number of the promoters who worked with the collapsed ticketing company are insisting that the money it collected for their shows and events was meant to be held in trust although it wasn't, and the news that all seven members of BTS will serve their two years of military service in South Korea after all. SECTION TIMES 01: Festicket (00:05:32) 02: BTS (00:20:37) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Festicket did not hold promoters’ ticket sale monies in trust, administrators confirm • BTS confirm that they will carry out military service in South Korea ALSO MENTIONED • Little Simz wins 2022 Mercury Prize MORE FROM CMU • Upcoming CMU webinars • Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin • Listen to the full Setlist theme tune