Stereosonic Music Festival Canned For 2016 After Drug Deaths And Bankrupt Parent Company

07/04/2016 12:05 PM AEST | Updated 15/07/2016 12:51 PM AEST
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MELBOURNE, AUSTRALIA - DECEMBER 05: Huge crowds attend and revel at STEREOSONIC Melbourne on December 5, 2015 in Melbourne, Australia. (Photo by El Pics/GC Images)

There will be no Stereosonic 2016, with organisers announcing that while this year's event is cancelled, the electro music festival will continue in 2017.

The festival was mired by two drug-related deaths and multiple overdoses in 2015 and the bankruptcy of US-based parent company SFX Touring.

Melbourne-based touring company Totem Onelove, however, confirmed the bankruptcy didn't affect Australian operations.

Stereosonic Festival UpdateTotem Onelove Group is currently working on bringing Stereosonic fans the best festival...

Posted by stereosonic on Wednesday, April 6, 2016

The statement, released Thursday on Facebook, read: "Totem Onelove Group 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."

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