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Benicassim 2013 To Go Ahead, Maraworld SA Sells Shares

Following initial fears about its immediate future, FIB (Benicassim) is confirmed to go ahead for its 19th year on 18th-21st July.

Doubts raised over the assemblage of the site and the payment of vendors were linked to lower ticket sales than previous years, leading to the impression that Benicassim would be pulled. Its managing director Vince Power has already been forced to cancel Hop Farm Festival this year.

Power has sold shares under his Maraworld SA company to Denis Desmond & SJM Concerts, with FIB “in no way affected by this acquisition”.

A statement reads:

“The difficult economic climate coupled with the bad year suffered by Music Festivals PLC has prompted my decision to sell a major shareholding in Benicàssim festival. I am pleased that 2 of Europe’s best known Festival Promoters are now taking part. FIB is one of the world’s most established and best-loved live music events and I wanted to ensure the future of the festival for many years to come. I am pleased we have found great partners to take Benicàssim forward to its next phase and to guarantee it is secure and solid for the fans, this year and every year. Next year Benicàssim celebrates its 20th anniversary and I look forward to many more memorable festivals in years to come.”

Power remains Managing Director of the festival. Headliners Arctic Monkeys, Queens of The Stone Age, Beady Eye and The Killers remain, and the bill is unaffected.

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