Officials for the Big Day Out say Kiwi music fans are "lucky" the music festival has lasted in New Zealand for so long.
The Big Day Out will be held in Auckland for the last time on Friday, with Australian promoter Ken West and New Zealand promoter Campbell Smith last night deciding to pull the plug after 18 years.
The festival has suffered low ticket sales this year after announcing a smaller line-up and pulling Kanye West from the bill, and a tearful Smith today said costs were too high to keep bringing the festival here without massive increases to ticket prices.
"It's very, very expensive to bring 35 international acts here for one show," Smith told bFM.
"Even in the years we were selling out we were barely breaking even. The reason it keeps coming back is that Ken loves New Zealand. We owe him a debt for bringing the damn thing here for so long.