# Allianz sponsorship controversy at Madrid Ideas Festival > Live situation record from CLSTR: https://clstr.news/situations/allianz-sponsorship-controversy-at-madrid-ideas-festival > Updated: 2026-09-15T13:58:59.000Z. Sources: 11. Developments: 2. Allianz initially announced its return as the main sponsor for the 2026 Festival de las Ideas in Madrid, an event organized by the Círculo de Bellas Artes and La Fábrica focused on the theme of ‘Bodies’. However, the company subsequently withdrew its sponsorship following protests from several high-profile participants, including filmmaker Rodrigo Sorogoyen, writer Alana S. Portero, and singer Rodrigo Cuevas. The protesters demanded the festival disassociate from Allianz, alleging the company is a “fundamental financier of the ongoing genocide” due to its purchase of Israeli state bonds. Activists further demanded that the festival publicly commit to refusing funding from entities they claim cooperate with the State of Israel. Festival organizers stated the decision to suspend the sponsorship agreement was made jointly with Allianz to ensure the event could proceed as a space for free exchange and open discussion. The organization noted that losing its main sponsor creates a significant economic burden, as finding a replacement within 48 hours is considered difficult or impossible. The festival is scheduled to run from September 17 to September 20. ## Timeline ### 2026-09-15: Allianz suspends sponsorship of Madrid's Festival de las Ideas The Madrid-based Festival de las Ideas has suspended its sponsorship with Allianz after cultural figures threatened a boycott over the insurer's investments in Israeli state bonds. 9 sources. https://clstr.news/cluster/allianz-withdraws-sponsorship-from-madrid-ideas-festival ### 2026-09-03: Allianz returns as main sponsor for 2026 Festival de las Ideas Allianz will return as the primary sponsor for the 2026 Festival de las Ideas in Madrid, focusing on the theme of ‘Bodies’ through discussions with international intellectuals and artists. 2 sources. https://clstr.news/cluster/allianz-returns-as-main-sponsor-for-2026-festival-de-las-ideas --- Cite as: Allianz sponsorship controversy at Madrid Ideas Festival. CLSTR, https://clstr.news/situations/allianz-sponsorship-controversy-at-madrid-ideas-festival