(TeamRock Radio) All Tomorrow's Parties bosses have announced that the business is closing down and that July's ATP Iceland event has been cancelled. The festival group's future has been in doubt since April when they announced their planned Manchester weekender had been pulled on four days' notice.

Now ATP has confirmed it has pulled the plug entirely and put the business into administration. In a statement, they say: "It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down.

"After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP festivals and live promotions with immediate effect and going into administration." Read more here.