The new owners of the Big Day Out (BDO) event confirmed today that the music festival will not be held in 2015 with plans to bring it back some time in the future.

 Big Day OutC3 Presents, which is a company based in the US was revealed as the new owner of the event yesterday and made the announcement today.

There will be no Big Day Out for 2015 but they intend to have more in the future.

The event has had a positive impact on live music since 1992 and has been a good launching place for upcoming live bands for over 20 years.