updated 2/24/2011 9:16:16 PM ET 2011-02-25T02:16:16

LOS ANGELES, Feb. 24, 2011 (GLOBE NEWSWIRE) -- Today, Los Angeles-based Insomniac announced they are postponing the 15th annual Electric Daisy Carnival, scheduled to be held at the Los Angeles Memorial Coliseum. Electric Daisy Carnival will debut in Las Vegas on June 24 and 25, 2011.

"Without an executed contract in place at this time, it has become impossible to guarantee to all of the fans and talent that EDC can be produced at this venue this year," said Pasquale Rotella, CEO of Insomniac. "We are grateful for all of the events we've been able to produce at the Coliseum and Sports Arena over the years, and for the support of the fans, Los Angeles, the Coliseum Commission and everyone who has contributed to those events."

"I grew up in Los Angeles. I began my business here when I was in high school and Los Angeles remains my home. I would love nothing more than to have our events return to the Coliseum in the future," added Rotella.

Producing an event for over 150,000 guests requires extensive advance planning and a significant financial investment. Recent events have created an environment that makes producing Electric Daisy Carnival at an appropriate venue in Los Angeles an insurmountable challenge for 2011.

"As Freddie Mercury used to sing, 'The show must go on.' We are very excited to bring Electric Daisy Carnival to another world-class destination - Las Vegas," said Rotella. "I've always dreamed of taking this show to Las Vegas. We invite all of our fans to join us there."

Insomniac will announce further details on ticket sales, venue and artist lineup very soon.  

About Insomniac Events

Insomniac produces innovative concerts and music festivals enhanced by state-of-the-art lighting design, large-scale art installations, interactive circus and theatrical performances, and audience participation. Insomniac's premier annual event, Electric Daisy Carnival, is one of the biggest music festivals in the United States. Insomniac has produced more than 250 music events for more than 2,000,000 concertgoers in California, Nevada, Colorado, Texas, Florida, and Puerto Rico. Founded by Pasquale Rotella, Insomniac has been based in Los Angeles since it started in 1993.

CONTACT: Insomniac
         (323) 703-3862
         press@insomniac.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 1.97%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.70%
13.70%
Cash Back Cards 17.66%
17.91%
Rewards Cards 17.05%
17.17%
Source: Bankrate.com