All Tomorrow’s Parties has gone into administration and will no longer be hosting its event in Iceland.
Certain bands had already withdrawn from the festival citing payment issues but now ATP, which has suffered in the past, is handing over the UK shows to different promoters and is permanently bowing out.
“It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down,” a statement reads. “After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP festivals and live promotions with immediate effect and going into administration.”