There's fears stricter regulation of event organisers could hurt smaller promoters most. 

Three companies connected to Juicy Fest and Timeless Summer have gone into liquidation - with ticket holders yet to receive refunds. 

Eccles Entertainment co-founder Brent Eccles is pushing to force ticketing companies to hold money until an event has ended. 

But Lo-Fi Productions Managing Director Owen Evans says that leaves no wiggle room for the unexpected.

"For us, the only time we struggle to pay people is either a knock-on effect from not being paid by other people - or things like the floods and Covid, where we had to dig into our own pockets to pay that."

LISTEN ABOVE

There's fears stricter regulation of event organisers could hurt smaller promoters most.&nbsp;
Three companies connected to Juicy Fest and Timeless Summer have gone into liquidation - with ticket holders yet to receive refunds.&nbsp;
Eccles Entertainment co-founder Brent Eccles is pushing to force ticketing companies to hold money until an event has ended.&nbsp;
But Lo-Fi Productions Managing Director Owen Evans says that leaves no wiggle room for the unexpected.
"For us, the only time we struggle to pay people is either a knock-on effect from not being paid by other people - or things like the floods and Covid, where we had to dig into our own pockets to pay that."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Own Evans: Lo-Fi Productions managing director expresses concern over proposed regulations impacting events

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e01b40d3-85ac-40a5-b5f4-b2ab0061d07d/transcript