‘Norwegian Wood’ files for bankruptcy

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It was once one of the most popular summer music festivals in Norway. Then “Norwegian Wood” became a shadow of its former self and on Tuesday, the company that’s run it lately filed for bankruptcy.

Newspaper Dagens Næringsliv (DN) reported that the filing, in the local court for the suburban Oslo community of Asker og Bærum, came 25 years after the first Norwegian Wood concerts that later became a fixture in the area around the Frogner Park’s swimming pools in Oslo. DN reported that the board of Norwegian Wood, which attracted major artists over the years, decided to file for dissolution.

They’d carried out this year’s festival for 2017, “which the board described as a success,” lawyer Andreas Strime Christensen told DN. He’s been appointed as administrator of the bankruptcy estate.

“But they write (in the filing) that they didn’t attract enough of an audience because they were too late with marketing efforts,” Christensen said. DN reported that the bankruptcy filing shows deficit of NOK 7 million.

newsinenglish.no staff