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Apparently the festival organizers owed the city a bunch of money from last year and had not come up with enough for this year.
It's a shame to see a tradition (since 1980) die. Check out Randy Lewis and Margaret Wappler's Los Angeles Times article about the community's mixed emotions about the news.
Have a look at past lineups here.
Alternate suggestions for weekend fun: see Our Idiot Brother at the ArcLight (who doesn't love Paul Rudd?), check out Seventy 7 Lounge (check Twitter for entry password), read a good book, if you still haven't seen Midnight in Paris, see that instead of Our Idiot Brother.
-- Leslie Anne Wiggins
Photo credit: Jonathan Leibson/FilmMagic via rollingstone.com
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