Tag #Spanish Music Industry

What immediate financial impact does Wegow's insolvency have on Spanish musical groups, and what steps are they taking to mitigate the losses?

It was like calmly looking at the dimensions of a precipice and suddenly being pushed," one affected musician described the shock of Wegow, a Spanish concert ticket platform, initiating insolvency proceedings. This impacts numerous Spanish bands, particularly smaller acts who relied heavily on Wegow for ticket sales, leaving them with significant outstanding payments ranging from thousands to hundreds of thousands of euros.