So, SXSW was forced to shutdown? By whom? Did they lose the money that was paid them? How? Even if they said, hey, we're trying to get X refund for Y site a

So, SXSW was forced to shutdown? By whom? Did they lose the money that was paid them? How? Even if they said, hey, we're trying to get X refund for Y site and facilities... we're expecting to be able to give refunds of Z% of your deposit amounts (expect at least 50-80%. I would think most reasonable businesses would accept that. A total forfeiture, someone is making money off of this and definitely not doing anything to earn it.