Organizers for Big Day Out festival, one of Australia's premier fets, has announced that the 2015 edition has been canceled. C3 Presents, the U.S.-based promoter who oversees the event says that the festival will return after taking a year off to restructure. C3 Presents, who also produce festivals such as Lollapalooza, acquired a a partial stake in the festival in early 2012 but the festival appeared to struggle since, and losses for BDO 2014 were reported to be as much as $15 million AUD. Yesterday, festival co-founder AJ Maddah told Australia’s Triple J radio that he had sold his share...

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