The three-day Georgia music and arts festival was founded in 2012, and was located right outside Atlanta in Kingston Downs. Last year's roster hosted big names from dance, including Zedd, Kygo, Dillon Francis and Chet Faker, and the 2014 lineup featured reunited headliners Outkast.
This is the second blow to dance festivals for fans, following the cancellation earlier this month of fellow Georgia festival TomorrowWorld due to its "current environment."
Neon Desert 2016 Reveals Full Lineup With Future, Tiesto, Deftones & More: Exclusive
You can read the full statement from CounterPoint below.