Organizer of In unlucky health-Fated Bamboozle Festival Sued By Investor Over Alleged Unpaid $500K Loan


Organizer of In unlucky health-Fated Bamboozle Festival Sued By Investor Over Alleged Unpaid $500K Loan


Song govt Anthony Martini, whose band was once also scheduled to play the pageant, claims promoter John D’Esposito has been in default since January.

Entertainment Limp Bizkit

Fred Durst and Wes Borland of Limp Bizkit beget on stage for the length of Lollapalooza 2021 at Grant Park on July 31, 2021 in Chicago.

Kevin Mazur/Getty Photography

Anthony Martini, president of Exceed Capital and the lead singer of long-working hardcore band E-City Concrete, has filed a lawsuit against the Novel Jersey promoter leisurely the these days canceled Bamboozle pageant for allegedly failing to repay a $500,000 mortgage.

Considerations with the Bamboozle Festival — slated to characteristic Limp BizkitRick Ross and Steve Aoki, among others — bubbled up final month after fans revolted over what they saw as unfulfilled guarantees and Atlantic City officials declined to inform a closing permit for the tournament. On April 28, Bamboozle organizers issued an announcement by capability of the pageant’s first payment web sites that read, “After intensive discussions, we absorb now made the heartbreaking resolution to cancel Bamboozle 2023. A superb amount of time, dedication, passion and labor was once invested into making this comeback winning. We take care of all individuals who supported this pageant. Refunds will absorb to quiet be requested at point of purchase.” The web sites has been scrubbed of all other details.

In accordance with the lawsuit, filed Thursday (Could possibly presumably additionally 4) in Novel Jersey Superior Court in Monmouth County, Bamboozle organizer John D’Esposito didn’t are residing up to the phrases of the excessive-pastime mortgage issued by Martini for the pageant, seemingly in November 2022. Martini’s attorney Jesse David Eisenberg looks to absorb mixed up the timeline in the suit, now and then writing that the mortgage settlement was once made in 2021 while in other locations writing that the same occasions took dispute in 2022. A few different paperwork demonstrate the mortgage was once first originated in November 2022, even even supposing no replica of the mortgage settlement itself was once incorporated in the complaint. Billboard has reached out to Eisenberg for clarification on the timeline.

As portion of the mortgage, Martini allegedly agreed to reach more than $460,000 to four predominant booking agencies — Artist Community International, CAA, WME and Wasserman Song — to duvet the artist payments for bands booked to play the Bamboozle pageant, which had been scheduled for Could possibly presumably additionally 5-7 in Atlantic City, Novel Jersey. In alternate, in line with the lawsuit, D’Esposito would then pay inspire the mortgage, as successfully as to $100,000 in pastime, on Jan. 21, 2023. Martini would also bag 20% fairness possession in Bamboozle, which E-city Concrete was once booked to play.

Within the complaint, Martini — also a track govt and worn artist supervisor who helped produce artists including Lil Dicky and MadeinTYO — alleges D’Esposito beneath no conditions made the January price and is now suing him for breach of contract.

Billboard reached out to D’Esposito, Martini and Eisenberg for comment but did no longer bag a response by press time.

D’Esposito founded Bamboozle in 2002 and saved the pageant going for the next decade, with outdated editions that comprises high-tier acts comparable to 50 Cent, Foo Opponents, Bon Jovi, Snoop Dogg, Mac Miller, My Chemical Romance and Tumble Out Boy. At its high, the tournament was once drawing more than 100,000 fans over a single weekend. Following an alleged dispute between D’Esposito and his partners in the tournament, Reside Nation and House of Blues, the pageant went dormant in 2012. In an interview final month, D’Esposito advised The Philadelphia Inquirer that he repurchased the pageant’s trademark in 2020 in present to resurrect it.

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