Ireland's Oxegen festival has been cancelled, NME reports.
The event was due to take place in County Kildare this year, though no act or dates had been announced prior to the cancelation.
A short statement published on the festival's website yesterday (April 21) confirms that the even has been cancelled with a lack of headline acts and financial issues both to blame.
The statement issued by organisers MCD reads: "It is with regret that MCD announce that Oxegen will not take place this year due to lack of suitable headline acts which combined with the financial demands by local agencies make it no longer viable to stage the Festival in its current form."
Oxegen has been held at Punchestown Racecourse every year since 2004 but took a year off in 2012. Previous headliners of the three day events include the Strokes, the Killers, the Cure and Foo Fighters while the 2013 Oxegen brought performances from Calvin Harris and Snoop Dogg.