More than 15,000 people had been expected to attend the event
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Organisers of a Devon event dubbed the alternative Glastonbury have announced its cancellation.
The Lost Weekend was due to take place over three days from 23 June at Powderham Castle, Kenton, near Exeter.
Organisers say one of the two financial backers has pulled out and crisis talks on Wednesday to try to find a new funding package collapsed.
Powderham Castle said anyone who bought tickets directly from them will receive a full refund.
Many locals in the Kenton area had been opposed to the event and feared it would be overrun with traffic.
More than 15,000 people were expected to attend the event, 10,000 camping tickets and 5,000 tickets for the final day went on sale two weeks ago.
Confirmed headline acts included the Zutons, Julian Cope and the New York Dolls.