by / July 3rd, 2008 /

Settlement Reached between Electric Picnic and IMRO

According to a press release issued this morning, the dispute between Pod concerts and IMRO has been settled. A Pod Concert spokesperson issued the following statement:

A settlement has been reached between IMRO and POD Concerts relative to the dispute on royalties in respect of multistage events including the Electric Picnic. The proceedings are to be adjourned to allow IMRO to conduct a review of its concerts tariff and, if necessary, to allow the tariff to be ruled on by an arbitrator. Electric Picnic 2008 will be proceeding.

More info on the inital dispute here.