Miami's UR1 Festival Is Officially Cancelled

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Rumors started swirling early this morning that Miami's UR1 Festival was cancelled, and now it's been confirmed due to poor ticket sales. Not really sure how that's possible since the line up was major: Kanye, Animal Collective, Zola Jesus, Lou Reed, and tons more.
This is a huge part of the draw to Art Basel...we can't really get our heads around it not happening! Maybe this is just some publicity stunt to make people rise to the occasion and beg for it back, cash in hand?
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