Future Music Festival's organizers have issued a statement announcing that the touring event will be indefinitely cancelled. The festival just completed its tenth annual tour that saw stops at five cities in Australia and then one in East Asia. The last stop was cancelled due to Singapore authorities' concerns about drug use after it had been moved from Kuala Lumpur, Malaysia.
"It’s been a difficult decision to make, but in the end traveling the festival in its current form across Australia simply doesn’t make financial sense anymore," the statement reads. Future Music Festival started out as a single event in Sydney in 2006, and then expanded to visit the cities of Brisbane, Perth, Melbourne and Adelaide in 2007. 2012 saw the festival's expansion to Asia for the last stop on its tour in Kuala Lumpur.
The festival prided itself on finding the best talent, but rising rates in recent years are the primary reason for the festival screeching to a halt. Group Chairman of Mushroom Group Michael Gudinski explained in an interview, "... the cost to physically stage the events has significantly increased, even in just two years. The fluctuating dollar also hasn’t helped and the increasing popularity of EDM in the States has seen DJ fees escalating out of control."