Features
Soundwave Bar Battle
Hard rock festival Soundwave’s West Australian promoter, Altered State, was declared insolvent in a Federal Court judgment.
The move to wind up the company was initiated by Soundwave Sydney-based founder AJ Maddah over a dispute of a near $1 million bar takings. In documents tendered in court, Maddah would get 70 percent of the bar profits at Claremont Showgrounds from brothers Chris and Ken Knight who run Altered State.
Soundwave claimed Altered State paid one instalment of $350,000. But a second payment was not tendered, with Altered State claiming it is owed almost $500,000 by Soundwave from unpaid expenses and management fees from past festivals.