The Hi-Fi Bar Goes Into Administration

With a steady string of new live venues opening across the east coast lately, seeing doors opening – rather than closing – has happily become the status quo. Alas, every now and then some bad news reminds us of the opposite extreme that we’d much rather forget. And when it comes to bad news, this could be right up there.

The Music is reporting that the company behind The Hi-Fi has been placed into external administration over a dispute with a major creditor. Unable to resolve their differences with The Hi-Fi Group, the creditor has taken over running the business while a new buyer is sought.

All three Australian venues have been affected, meaning Brisbane’s West End mainstay, Melbourne’s Swanston Street spot and Sydney’s recently revamped former Forum Theatre location as well. It was due to almost two decades of success in Melbourne that the company branched out into Brisbane in 2009, with Sydney following in 2012.

All signs point to the venue remaining open and running — for now. "It's business as usual, see you at the gig," said a post on the venue's Facebook page. Shows are slated from now until June – including The Smith Street Band, Sticky Fingers, Seth Sentry, DJ Shadow & Cut Chemist, and the only just announced debut album tour by Courtney Barnett, depending on the city, so current ticket holders should be taken care of. As for what happens after then: watch this space.

Via The Music.