Financial details were not disclosed.

Cornbury was created in 2004 and is traditionally held over the first weekend in July. Affectionately nicknamed 'Poshstock' for its VIP facilities and upmarket audience (which includes local MP David Cameron), the family friendly festival now attracts crowds of up to 20,000.

The event's headliners have included the likes of Paul Simon, Elvis Costello, Joe Cocker, Robert Plant and Jackson Browne along with contemporary artists Amy Winehouse, David Gray, Crowded House, Texas and KT Tunstall. ...