The Isle Of Man Festival, which was due to take place next month on Saturday, July 6, has been cancelled due to a lack of ticket sales.

Organisers have this evening blamed "an overall decline in ticket sales within a heavily saturated festival market".

[UPDATE: Organisers have now told Music Week the initial IOM Festival statement issued to the media, including Music Week - as seen directly underneath - was not approved. They have issued an updated version, which you ...