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2021 SXSW Festival Now In Doubt

Austin’s South by Southwest festival is taking a huge financial hit by cancelling this year’s event over coronavirus concerns.

This week, SXSW laid off about a third of its year-round employees and says it’s “not entirely sure” how it’s going to make next year’s festival happen.  The cancellation reportedly cost organizers over $2.1 million.

Austin Mayor Steve Adler says SXSW “fully intend to come back next year” but “haven’t quite figured out the path yet”.

SXSW will not issue refunds after it cancelled for the first time in 34 years over the Coronavirus. What they will allow you to do is defer your registration to the year 2021, 2022 or 2023.

Many feel the policy is unfair because the consumer didn’t cancel; the City of Austin cancelled the event.

The co-founder of SXSW said the festival did not have an insurance policy that provides it with cancelation coverage because of ‘bacterial infections, communicable diseases, viruses and pandemics.’

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