Pemberton Music Festival has filed for bankruptcy and called off its 2017 event, organizers announced May 18.

The July 13-16 festival in Pemberton Valley, British Columbia, would have marked the fifth edition of PMF. The lineup was supposed to feature dozens of artists, including Chance The Rapper, Muse, A Tribe Called Quest, Major Lazer, Haim, and Run The Jewels.

The festival was being produced and promoted by Huka Entertainment, in collaboration with the Village of Pemberton and land partners the Sunstone Group, the Lil’awt Nation and Squamish-Lillooet Regional District.

Huka Entertainment released the following statement in response to today’s news: “For the past four years Huka Entertainment has worked to create a one-of-a-kind experience in the most beautiful place on earth. We are heartbroken to see the 2017 Pemberton Music Festival canceled.

“As a contract producer, Huka did not make the decision to cancel the Festival. That decision was made by the Pemberton Music Festival, LP. We are extremely disappointed for our fans, artists and all of our partners who have supported the festival over the years.”


Pemberton Festival logo

The splash page on the festival’s website has been replaced with a notice about the bankruptcy which says Pemberton Music Festival will not be issuing automatic refunds for tickets “as PMF is now in bankruptcy, it has no ability to provide refunds.” The website notes that ticketholders can “file a proof of claim form as an unsecured creditor with EYI [bankruptcy trustee Ernst & Young Inc.] in accordance with the claims process.” Ticketholders are advised to contact their bank or credit card issuer to see if refunds are available from third parties for tickets purchased using a credit card.

Global News reports that the festival owes $2.5 million to its creditors. The publication says festival directors are blaming the money problems on decreased ticket sales and increased operating losses.

The festival has reportedly collected $8,225,000 in ticket revenue this year – in contrast to the budgeted expenses of $22,000,000.

Organizers are also reportedly pointing a finger at the impact of a weakening Canadian dollar relative to the U.S. dollar, according to Global News.