DJ livestream platform Cercle cancels Mexico festival, calls for financial support

Cercle has cancelled its autumn festival in Mexico amidst financial hardships, as revealed by the DJ livestream platform on Instagram yesterday (June 24).

Derek Barbolla, founder of the Paris-based company, said that Cercle is currently "in danger" as it faces "serious" financial issues, 10 years after it launched in 2016.

"This is probably the hardest post we’ve ever written," he started. "Over the past two years, everything converged at once. After COVID, costs and taxes kept rising and margins kept shrinking."

"The weight of years of betting everything on what we believed in became too much to carry," he continued. "At some point, the balance we always managed to hold, just couldn’t hold anymore."

Cercle Festival, which was due to go ahead from November 14 to 15 this year in San José del Cabo, Mexico, has been cancelled as a result of financial difficulties.

Barbolla said that the event would no longer be able to run "under the same conditions it was designed and planned for", and that ticket holders would be refunded in the coming days.

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"Over the years, many of you asked how to support Cercle directly, and today, for the first time, we actually need that help," Barbolla wrote, urging fans for donations.

A support page has been set up with various packages to help Cercle, including options to get your name in the credits of a video, access to a behind the scenes video, or an opportunity to win signed vinyl and a gold record.

"Whatever happens next, what we built together cannot be undone and will stay with us forever," Barbolla said. "Everything we published will stay free on our YouTube, as long as it’s under our control."

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