Other ticket holders began filing lawsuits against Ultra in May last year
It's the second year that the event will be unable to take place
It'll be the second year that the festival has not taken place
The Road to Ultra event will take place in Taipei
The festival will raise funs for the MS Trust
Lollapalooza has also been forced to cancel by City of Chicago
Parent company AEG has announced a "mix of layoffs, furloughs and salary reductions"
"We sincerely hope we will be able to celebrate love, unity, and friendship with all of you this summer."
The announcement follows the cancellation of the festival's 50th edition
The virtual festival, Second Aether, is inspired by Porter Robinson’s Second Sky