Rumors of FYF's problems started last week as booking agents began to quietly call up talent buyers and inquire about possible replacement dates as word of FYF's poor ticket sales began to trickle out.
On Twitter, FYF Fest said, "our team of many women and men have worked tirelessly on this event for many years but felt unable to present an experience on par with the expectations of our loyal fans and the Los Angeles music community this year."
According to FYF Fest, ticket purchasers will receive full refunds, service changes included, beginning Monday May 7.
My Bloody Valentine, Janet Jackson, Florence + the Machine, Future, St. Vincent, The xx, The Internet, The Breeders, Nils Frahm, Mount Kimbie, Glassjaw, Skepta, Unknown Mortal Orchestra, Rhye, Charlotte Gainsbourg, and more were scheduled to perform at the 2018 edition of the festival.
It remains to be seen if FYF will attempt to come back in 2019, but this is two big blows for the FYF brand in less than a year. Goldenvoice cut ties with the festival's founder, Sean Carlson, after he was accused of sexual misconduct and assault by multiple women. AEG/Goldenvoice bought Carlson's stake in the festival following the allegations. Meanwhile, Austin's Sound on Sound fest is not returning in 2018 after cancelling its 2017 edition, after the lineup was announced. The loss of FYF and Sound on Sound (fka Fun Fun Fun Fest) is a huge blow for festivals with amazing lineups. Coachella continues to do just fine.