June 14th 2024.
After facing backlash from both fans and artists, the renowned bank Barclays has made the decision to withdraw its sponsorship from major festivals in the UK. This includes popular events such as Download, Latitude, and the Isle of Wight festival.
Barclays has faced criticism in recent times due to their ties with Israel, resulting in several acts pulling out of festivals in protest against the bank's involvement. As a result of these protests, Barclays has announced that it will no longer be supporting some of the biggest festivals in the UK this summer.
Live Nation, the company responsible for organizing these festivals, stated that discussions with artists led to the agreement with Barclays to step back from their sponsorship. A spokesperson from the company said, "Following discussions with artists, we have reached an agreement with Barclays to withdraw their sponsorship from our festivals."
According to a spokesperson for Barclays, the bank has agreed to suspend its participation in the remaining Live Nation festivals this year. However, they have reassured customers who hold tickets to these festivals that they will not be affected and their tickets will still be valid. The spokesperson also addressed the protesters' agenda, stating that Barclays remains committed to its involvement in the defense industry, which is crucial in ensuring the safety of the country and its allies.
This is a developing news story, and more updates will be provided soon. Keep checking back for the latest developments. Stay updated by following The Agency on Twitter and Facebook, and you can also receive daily push alerts by signing up on our website.
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