Southern California promoter Synergy Global Entertainment (SGE) announced Wednesday that the company willย shut down following the successful two-day hip-hop event Real Street Fest in Anaheim over the weekend.
Despite the overall success of Real Street Fest, which was the biggest outdoor festival of its kind to be produced at Honda Center, Billboard reported that SGE’s shut down was linked to a number of big losses in 2019 in the festival market which made the company “no longer financially viable.” The losses included the low-selling Disrupt Festival Tour headlined by The Used, Thrice, Circa Survive and Sum 41 and July’s Mad Decent Block Party Festival, headlined by Billie Eilish, G-Eazy, Major Lazer and Miguel in Foxborough, Massachusetts which was forced to cancel due to “circumstances beyond our control,” the promoter said in a statement at the time.