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Festival organisers feared 'substantial losses'

A statement issued on behalf of promoter, Vince Power, said: "We've worked very hard to try to make it work but it's proved too much a of mountain to climb and despite fighting hard...based on poor ticket sales and the forecast selling rate substantial losses would be made.

"It is a surprise for us that after 8 weeks of heavy marketing and with such a great bill that we have to cancel, though we are convinced this does not reflect on the artists, it highlights the poor economic climate."

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Poor summer could mean bleak future for festival

A bleak summer has left the company behind Kent's Hop Farm Festival facing an uncertain future.

The Music Festivals group has suspended its shares after failing to raise fresh funds to support the business. The group recently warned it expects a full-year loss after weak ticket sales at the Hop Farm event and lower profits at its Spanish festival, which were both headlined by Bob Dylan.

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