Parkway Drive, the acclaimed Australian band, was set to headline a highly anticipated 11-date metalcore festival, with performances scheduled across New South Wales, Queensland, Victoria, Western Australia, and South Australia in February and March next year.

However, the festival’s organizers have announced the “devastating” cancellation of the tour, citing a range of issues, primarily financial difficulties, as the reason for this unexpected decision.

“With a heavy heart, we’ve had to make a difficult decision. We’ve tried everything. We’re gutted,” the organizers stated on their website, expressing their regret over the situation.

“We know everyone will be understandably disappointed,” they added, acknowledging the fans’ likely reactions to the news.

Parkway Drive took to Instagram to personally address their fans, offering their apologies for the cancellation and the disappointment it undoubtedly brings.

The band said Park Waves was yet another festival casuality in the tough Australian music scene.

“This is a message we never imagined we’d have to write, and it weighs heavily on us. Park Waves Australia has been cancelled,” Parkway Drive said in a statement.

“Just writing this feels like a kick in the guts, but here we are – another festival being crushed by the rising costs across our entertainment industry.

“We’ve tried every possible option to keep this dream alive, but the reality of the circumstances won’t allow for it.”

Ticketholders will be refunded the price of tickets and booking fees.

“Please know that your support is what keeps this culture alive and standing strong through the worst of times,” the band added.

Park Waves was set to be an inaugral Australian festival showcasing Parkway Drive as the main act alongside several other metal bands, including Amity Affliction, Northlane and Story of the Year.

It was billed as a “never-before-witnessed” event with circus performers, carnival rides, food and sideshow alleys.

Plenty of legacy festivals have fallen victim to Australia’s turbulent live music scene.