The 2009 edition of the Hydro Connect Festival in Scotland has been cancelled as a result of the ongoing global financial crisis.
Organisers said it had become clear that it would not be possible to cut back on costs without jeopardising the festival's quality.
Promoter Geoff Ellis told the Daily Record: "We've been taking a look at things - including bringing the costs down, which is not really possible to do while maintaining the quality.
"In a rural location, it costs a lot more to do the event because it's smaller than something like T in the Park.
"Although it doesn't cost as much as T, the equipment costs are higher on a like-for-like comparison.
"And policing, transport and relocation costs are also high."
The event, which in recent years has featured sets from Kasabian and Franz Ferdinand, will return in 2010 as a two day event.
Hydro Connect 2008 highlights
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