Germany’s beloved Fusion Festival faces crisis with ‘very large’ financial debt – News

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german party Fusion revealed that she was at risk due to a “very large financial deficit” estimated at between 1.5 and 2 million euros in debt.

Fusion is one of Germany’s biggest festivals, taking place since 1997 and taking place in Lärz, in the northeast of the country, at the Müritz Airpark, a former military airport. This summer he returned after a hiatus that had lasted since the 2019 edition due to the pandemic.

The festival’s headquarters Kulturkosmos Müritz eV publishes a press release announcing that the festival must “act quickly so that the whole Kulturkosmos project does not sink into an existential crisis”.

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In 2020, ticket prices for the festival have increased by €70 to help with costs due to the pandemic. The event also received state and federal grants, but according to the release, this did not cover the 20% increase for “virtually all materials” and “services, technology and infrastructure.”

The team has agreed to no longer raise ticket prices due to the current cost of living crisis.

“In the end, we had 64,000 paid raffle tickets and only 3,000 of the expected 6,000 Sunday guests showed up,” the statement said.

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Kulturkosmos is also selling a century-old house bought in 2015 to accommodate refugees.

On top of that, the company is selling nine plots of land in Lärz that are “ideal for those who have fled the city, are pandemic-weary and are savvy homebuilders fusing with kids,” according to the statement.

Fusion asks people to donate to their fundraiser via PayPal and shop for “fusion-themed solidarity shirts, hoodies, and other items.”

The release explains that more information will be announced later this summer through a newsletter. Read the full statement here.Becky Buckle is Mixmag’s video and editorial assistant, follow her on Twitter

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