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Ultra Music Festival

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

The trio’s manager and art director shared cryptic studio footage on social media this week 

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"

Two Ultra ticketholders have filed a lawsuit against the festival

The announcement follows the cancellation of the festival's 50th edition