The promoter of the failed Echo Festival says low ticket sales forced him to pull the plug, and if he'd continued with the event he would have lost "millions".
News arrived last week that the event, originally slated for McLaren Falls Park in the Bay of Plenty and later moved to Auckland's Vecor Arena, was canned.
With a line-up including Jamie xx, Kurt Vile, The Flaming Lips and Disclosure, there were many fans left disappointed.
But it's the fans who left festival boss Paxton Talbot with no choice but to walk away, or stand to lose millions, he said in an interview with The Wireless.
"Nobody came to the table. We had massive web traffic, loads of interest but nothing was turning into sales and it's an extremely expensive project," he said.