The TomrrowWorld Festival, a dance music festival held within the forests of Chattahoochee Hills, GA., has cancelled its 2016 festival after its North American partner SFX declares bankruptcy.
After several months of speculation SFX Entertainment declared Chapter 11 bankruptcy on February 1st, which erased $300 million in debt and received $115 million in financing. Spokesperson Debby Wilmsen, stated the future of Tomorrowland is safe.
Until next year, people of tomorrow.
SFX Entertainment, a publicly listed company founded by Robert F.X. Sillerman, is a stakeholder in a variety of festivals and events including Electric Zoo, Nature One, Sensation, Awakenings, and Rock in Rio.