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Company behind cancelled Jon Bon Jovi concert declares bankruptcy

The promoters of a cancelled Jon Bon Jovi concert in Stanley Park have declared bankruptcy.

“We regret to advise that effective immediate…Paper Rain Performances is insolvent,” they wrote in a statement today.

“We are deeply troubled by the disappointment that this has caused the artist’s fans and the City of Vancouver in general.”

The concert was announced two months ago and scheduled for August 22 in Brockton Field.

However, ticket sales for the event has been slow, Paper Rain had failed to get the necessary permits from the city– and the show was officially cancelled earlier this week.

READ MORE: Jon Bon Jovi’s Stanley Park concert cancelled

In a statement following the cancellation announcement, Bon Jovi Tours Inc. said the band was ready and willing to perform in Vancouver this Saturday, but local promoter Paper Rain Performances “has proven unable to guarantee a properly-produced event.”

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Paper Rain’s response, however, put the blame on Bon Jovi.

“We had urged the artist’s management to grant us a postponement in order to protect the ticket buyers,” they wrote.

“The artist’s management team flatly and repeatedly refused to allow a postponement and instead they insisted that the concert be cancelled.”

In addition, Paper Rain claimed “we were not allowed access to the artist for media interviews.”

The statement from Paper Rain says nothing on whether people will receive refunds for purchased tickets.

The event’s ticket seller, Tickets Tonight, has sent emails to ticket holders, saying they “are assessing what this means and will continue our efforts to recover funds for ticket refunds.”

“We will get back to you as soon as we can provide more information.”

Paul Korzilius of Bon Jovi Management said the following to Global News:

We’re exploring legal remedies but all that matters now is that we’re working to fix the mess Paper Rain has created so we make this right for our fans.

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