Tasmania's MONA FOMA event has been "killed" and will not continue after its owner said the "spell has worn off".
In a statement published on Friday afternoon, MONA (Museum of Old and New Art) owner and founder David Walsh acknowledged the most recent FOMA (Festival of Music and Art) event was "poorly attended", and was one of the reasons for the festival's axing after 16 years.
"MONA FOMA took us around the world. But it ends here," Walsh wrote.
"Maybe the end started at COVID. Maybe it's because the last festival was a poorly attended artistic triumph. But those aren't the reasons I killed it.
"I know that we live for experience but, more and more, I seek permanence, a symbolic immortality. At MONA, I'm building this big thing, hopefully it'll be a good thing, but it's a costly thing. I'm addicted to building, and my addiction got out of hand.
"Some things have to go before I'm too far gone."
Walsh said the experience had "been magical, but the spell has worn off".
"Greatest gratitude to those who helped put it together. I hope it was as good for you as it was for me."
People have taken to social media to express their disappointment at the news of MONA FOMA'S ending.
"No mo fomo," wrote one.
"Watching the woman in a wetsuit with seaweed dreadlocks playing drums in a cage while she was submerged off Constitution Dock has been a highlight of my life," said another.
MONA FOMA is the latest in a string of scrapped festivals across the nation.
Friday's news follows the cancellation of this year's Splendour in the Grass festival which was canned due to "unexpected events".
Groovin The Moo has also pulled the pin only a couple of weeks after announcing its line-up.
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