Megrampage, due to be held on October 31 in Melbourne, has been cancelled due to a lack of sponsorship.
A statement from the Australian promoter is yet to be released, however MegaRampage have issued their own statement.
"After close to 18 months developement work and a huge amount of effort on the part of a lot of people the producers of the event were not able to close the gap between forecast revenue and costs through sponsorship," the statement reads.
"As we all know the economic climate has been tough this last year or so and the commitments they were able to secure are ultimately not enough to make this happen".
However, fear not for fans who wanted to check out the bands... all the bands will now perform for one show only at the Festival Hall in Melbourne on October 31.
More details to follow... stay tuned!