Happy Mondays, New Order and Anna Calvi headlined Titanic Lockdown Festival cancelled
The two-day Belfast festival has been pulled due to poor ticket sales
Organisers said in a statement that ticket sales had been "significantly slower than forecast" and as a result it was "not possible" to go ahead with the two-day festival, the Belfast Telegraph reports.
Anyone who has bought tickets for the event, which was due to take place on June 1 and 2, will be refunded.
The event, which was due to take place at a former shipyard hangar in the Titanic Quarter of the city was set to be headlined by Happy Mondays and New Order, with Ghostpoet, Factory Floor, Lee Scratch Perry and Anna Calvi also scheduled to appear.
A statement on Titanic Lockdown's website read: "Due to poor ticket sales in a challenging economic climate, it is with great regret and disappointment that we must announce the cancellation of the 2012 Titanic Lockdown summer festival." It added:
Despite a huge wave of goodwill, ticket sales have been significantly slower than forecast for an event featuring such high profile acts. As a result, it will not be possible to deliver the event.
Titanic Lockdown is the latest festival to be cancelled in what has been a tough year for organisers. Earlier this month, Rough Beats festival was cancelled due to "financial pressures", while Sonisphere pulled the plug on the Knebworth festival in March citing a "very challenging year" for organisers.