Mushroom Group have put the decision, which they say was not made lightly, down to underperforming ticket sales over the last two years.
Future Music Festival began as a one day event in Sydney in 2006, before expanding to an annual national touring festival in 2007.
While Mushroom Group have expressed that they believe the day of the large scale travelling festival in its current form is numbered, they are developing a new festival concept which is planned for the same time period previously held by Future Music Festival, at the end of February and beginning of March.
They will continue to focus on touring through Frontier Touring, A Day On The Green, boutique music festival Sugar Mountain and under 18 music event Good Life.
