The event, which is one of the country's most popular music festivals, had been due to take place in Sydney, Melbourne and Brisbane in January (16) with headliners including the Prodigy and Deftones.

However, organiser AJ Maddah has now called off the 2016 installment due to flagging ticket sales.

"I am devastated to have to announce the cancellation of Soundwave 16 due to poor ticket sales. I am very sorry. I tried my best. #SW16," he tweeted.

It is not yet known whether the festival will make a comeback, but Maddah appeared to hint that Soundwave could have reached the end of the road.

"Thank you to all the fans, bands and people who supported the event for the last 12 years," he added. "I wish we could have ended it on a better note."