Fans enjoy a two-hour set by Pearl Jam at the Gold Coast Big Day Out.
Fans enjoy a two-hour set by Pearl Jam at the Gold Coast Big Day Out. Seanna Cronin

Australia left with no Big Day Out

ICONIC Australian music festival the Big Day Out is believed to be entirely American-owned after AJ Maddah, the Australian director of the event, sold his share to US company C3 Presents.

It is also understood the festival will not be held anywhere in Australia in 2015 as bookings have not been made for venues in recent years.

Peter Thorpe, general manager of the Sydney Showground, confirmed on Wednesday that the BDO would not be held at the venue next year.

"All I know is they cancelled the booking last week and we were told to release the date," Thorpe said.

"It's very disappointing for the fans and for us because it's an iconic event. It was the first rock 'n' roll event I went to and the first we held. I was there for 20 years at Paddington and we've been with it here ever since."

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