This document discusses the relationship between universities and cultural festivals. It notes that universities are increasingly partnering with festivals as part of their public engagement and knowledge exchange agendas. However, universities are also facing budget pressures that make them more exclusive and corporate. The document considers different perspectives on what festivals represent, from temporary spaces of freedom to opportunities for resistance or commercial recuperation. It raises questions about the role of universities in festivals and how collaborations might enable public cultural programming or risk being co-opted by market forces.