We’ve reached out to several people who have ties to the UR1 Festival and are hearing that as late as 1 p.m. Wednesday, Nov. 21 organizers were seeking a new set of investors in hopes of having the show move forward. There has also been talk of scaling the event down and moving it to a venue like Space nightclub to salvage some of the talent. This goes in line with the statement the festival released earlier Wednesday (see below). The organizers faced a similar dilemma with weather during the Back In Black Halloween dance party on Oct. 27 that was moved from Bayfront Park to Space during Superstorm Sandy’s brush past South Florida.
We are also hearing reports from some of the artist’s agents that the festival was an estimated $2.5 million in the hole, with nearly $1.5 million going to Kanye West for his performance.
Finally, another factor to consider was along with Art Basel, the UR1 Festival was going up against Y100’s Jingle Ball on Saturday, Dec. 8 at the BB&T Center. The musical acts included Flo Rida, Psy, Afrojack, Neon Trees, and One Republic, among others.
ORIGINAL POST -
The rumors that spread like wildfire over the internet on Tuesday night are true – the UR1 Music Festival, scheduled for Dec. 8-9 during Art Basel weekend in Bayfront Park, will be canceled. (Statement from UR1 Festival below.)
The festival’s organizers are preparing a statement to be released later today. It appears a lack of ticket sales was the major cause for canceling the show, as they were not enough to cover the cost of the two-day festival. (Tickets ranged from $85 for a one-day pass to $299 for a two-day VIP pass.)
What does this mean for the future of music festivals in Miami? Is it a city that can only support electronic dance music festivals and not live music of other genres? Time will tell.
But for now, no Kanye West, no Lenny Kravitz, no Lou Reed. No UR1 Festival during Art Basel Weekend.
Stay tuned for updates and the latest statement from the festival's organizers.
STATEMENT FROM UR1 FESTIVAL
It is with deep regret that we announce the postponement of the first annual UR1 Music & Art Festival due to circumstances beyond our control, including:
- Foreseeable inclement weather conditions in the Miami-Dade and South Florida region;
- Continued effects of the recent Hurricane Sandy.
In consideration of these and other factors including the safety and wellbeing of our fans and performing artists we have come to this tough decision. Understandably this has had an ancillary effect on ticket sales and business logistics. It has always been our mission to produce events of the utmost quality and safety.
The new dates for the UR1 Music & Art Festival will be announced shortly. New dates will be chosen when weather conditions satisfy the safety of our fans, artists and staff. Once the dates are released you may chose to retain your ticket, as we will accept it at the festival. Alternatively should you choose to be refunded, information and instructions on how to do so can be found at www.ur1festival.com/tickets. We appreciate your patience and understanding.
We would also like to inform you that we are making every effort to showcase some of the talent that was scheduled to perform and exhibit at the festival in various locations around Miami. For those of you who would like to join us and the talent that will continue on to be showcased pending forthcoming dates to be announced, UR1 Ticket holders will have the opportunity to use their festival ticket at events around Miami during Basel week. A list of events accepting UR1Tickets & Vouchers will soon be listed at www.ur1festival.com
The UR1 Music & Art Festival Family