When news broke that the 1 World Festival was cancelled, the social media buzzed with rumours that Retfar Entertainment, a newbie in the local live entertainment scene, was unable to pay the booked artistes on time.
But its managing director Gregory Gumo denied that was the case.
"What I can say for now is, all artistes were paid in full and confirmed as coming," he told The New Paper when contacted on Facebook on Thursday.
A contractor for Retfar Entertainment, who declined to be named, echoed the sentiments. "Contrary to a lot of rumours floating online, all the artistes were fully paid and confirmed," he said.
"Everyone of our guys worked their socks off for the festival, myself included. You can see that we have put up the stage at Marina Barrage, it was a work in progress.
"In this incident, it's not fair to pin all the blame on Retfar Entertainment." He added that the cancellation was also not because of licensing and permit issues or poor ticket sales.
"Ticket sales could have been better, but for a first-time festival (by Retfar Entertainment), it was decent," he said.
Mr Gumo declined to reveal more details about the cancellation.
He said: "I am swamped at the moment, handling things we have to be responsible for, like ticket and tables refunds, assisting the artistes and notifying all the sponsors, partners and others of the cancellation."