After the partnership between Ken West and Vivian Lees was dissolved in 2011, Lees sold his stake in the event to American festival promoters C3 Presents. In early June 2014, C3 attained full ownership of the Big Day Out festival and announced the cancellation of the 2015 event on 26 June 2014 with the option for the festival to return in the future left open. Despite this, the event has yet to return in subsequent years and as of 2020 there are currently no plans for any event to be held in future.