The founder of Australia's East Coast Blues & Roots Music Festival has resigned from the annual five-day event, and a consortium of local promoters has bought out his stake.

The founder of Australia's East Coast Blues & Roots Music Festival has resigned from the annual five-day event, and a consortium of local promoters has bought out his stake.

Keven Oxford launched the festival 15 years ago in the coastal town of Byron Bay in northern New South Wales, and until now has been one of its directors. He cites personal and professional reasons for his departure.

A consortium of three independent Australian promoters has bought Oxford's 50% share for an undisclosed amount. The consortium comprises Michael Chugg, managing director of Sydney-based Michael Chugg Entertainment; Daryl Herbert, CEO of Melbourne-based Definitive Events; and Glenn Wheatley, CEO of Melbourne-based Talentworks.

The festival, which drew 60,000 people over five days this April, began in 1990 as a four-day indoor event, gathering about 6,000 visitors. Herbert, Chugg and Wheatley also run the annual five-day Melbourne International Blues Festival during February.

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