Elastic’s website and social media accounts are currently down, and artists have received an email attempting to clarify the situation.
The scale of the problem first came to light after several artists on the agency’s books revealed that they were owed money and unable to contact the accounts team.
We were then treated to the spectacle of Manchester’s Levelz crew hijacking the agency’s social media accounts and staging a mock kidnapping of Elastic’s creative director.
It now emerges that Elastic was placed into administration on 7 Dec. In the new email, artists and promoters have been informed that they should receive “a proportion of the money owed. Unfortunately it is unlikely that 100% of the money owed will be received and it is likely that it will take a number of months for artists and promoters to receive such payment.”