Another SFX festival bites the dust as Stereosonic cancelled
The one-day, five-city EDM extravaganza will not go ahead in 2016, says promoter (and major SFX Entertainment creditor) Totem OneLove
News By | 7 April 2016
Australia has lost another major music festival as dance music event Stereosonic has confirmed it will not go ahead in 2016.
The festival – promoted by SFX Entertainment-owned Totem OneLove Group, which at last count was owed US$10.7 million by its bankrupt parent company – is the second SFX event canned since its going into administration on 1 February, after US Tomorrowland spin-off TomorrowWorld, which was called off early last month.
However, like TomorrowWorld, Stereosonic has only said it won’t take place this year: In a post on its Facebook page, the festival said Totem OneLove “is currently working on bringing Stereosonic fans the best festival experience possible. As part of this, we are taking a hiatus during 2016. However, we will return in 2017, bigger and better.”
Whether Stereosonic…
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