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Stereosonic founder is launching two new Australian festivals

UPDATE: Mixmag‘s report did not confirm that Stereosonic co-founders Richie McNeill and Frank Cotela will be working together on the new festivals.

Stereosonic founder Richie McNeill is planning to launch two new Australian festivals within the next year – a December festival to fill the summer gap left by Stereosonic and a camping festival in 2017.

The co-founder of Stereosonic, Frank Cotela, hinted to inthemix when Stereosonic announced its 2016 hiatus last month that an event would be launched to take its place. “There’s definitely tours and stuff happening,” Cotela said. “We’ll just have to wait for the summer and see what happens.”

Now, Richie McNeill has confirmed to Mixmag that he will be “launching a new festival in December [and a] camping festival launching next year. Heaps of tours. Heaps of new events. You’ll just have to wait and see.”

McNeill and Cotela sold Totem OneLove, the company behind Stereosonic, to US events giant SFX in 2013 for US $75 million. SFX filed for Chapter 11 bankruptcy in February this year, and last month Stereosonic announced that it will take “a hiatus during 2016 and return in 2017 bigger and better than before.” Stay tuned for more details to come.