The All Tomorrow’s Parties company began booking small, artist-friendly boutique festivals at UK holiday camps in 1999, and since then, they’ve run many of events around the world, many of them curated by the artists themselves. If you’ve ever been to one of their shows, there is every chance that you’ve had an amazing time; I know I have. But in recent years, ATP has been a bit of a mess, with many of its events canceled at late notice, leaving fans scrambling for elusive refunds and artists disgruntled over the experience. Two months ago, a Drive Like Jehu-curated ATP fest was canceled under contentious circumstances. Yesterday, we reported that artists were dropping off of a forthcoming Iceland festival because of contractual issues. And now, ATP has announced that it is shutting down operations entirely, effective immediately.

On the ATP Facebook page this morning, organizer announced that funding has been pulled from the Iceland festival and that the company can simply no longer continue: “We are very sorry we could not make this work and have tried to survive throughout all our recent losses but we are no longer able to trade and have to accept we cannot go on.” The Iceland festival won’t happen, and other promoters are taking over the company’s forthcoming UK shows. Here’s the complete statement:

ATP – R.I.P

It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down. After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP festivals and live promotions with immediate effect and going into administration.

ATP Iceland festival is no longer happening, but all our other UK shows will have new promoters appointed and tickets transferred (all purchased tickets remain valid with the new promoter). We will post details of the administrators and what to do for festival ticket refunds over the next week.

We are very sorry we could not make this work and have tried to survive throughout all our recent losses but we are no longer able to trade and have to accept we cannot go on.

Thank you to all our loyal customers who have supported us and incredible artists who have performed or curated for us over the years and made ATP so special while it lasted.

This news isn’t surprising, but it is deeply shitty. Hopefully, someone better-organized will come along and fill that void. There are hundreds of music festivals now — maybe thousands — but nobody else has managed to recreate the vibe of an ATP festival.