Resident Advisor have reported that the second year of the Sonar festival in Sao Paulo has been cancelled due to "the latest difficulties and instability in the Brazilian entertainment market," according to Sonar's statement.

The event was scheduled to take place between May 25th-25th. No line-up had been announced and tickets had had yet to go on sale.

Sonar have reassured festival goers that their 20th festival in Barcelona is still set to run over June 13th-15th and that planned events in Tokyo and Osaka will go ahead later in the year.

The Sonar website has more details.