A statement from their official website reads:
“Inversion Productions, the promoter of the Pyramid Rock Festival has regretfully advised they will not be proceeding with the event in 2013.
First held in 2004 the multi-day camping music festival has gained an excellent reputation providing top entertainment for young music fans in a safe environment. Over nine years of operation the annual New Year’s Eve festival has hosted national and international artists from across the globe at a coastal property on Phillip Island.
Due to tough economic conditions in recent years the Festival has become unviable for Inversion Productions and their only option is to cancel the event. Options will be explored for the festival to return on a permanent basis in 2014.”
