Rolling Loud Miami has been officially postponed due to growing concerns surrounding the Coronavirus pandemic.

“Rolling Loud is nothing without our fans. Thank you all for being so patient with us. Since our last update, we have been monitoring the spread of COVID-19, hopeful that it would slow and allow us to proceed with producing the festival in May,” the statement reads.

“At the same time, we were working around the clock on a contingency plan in case we had to postpone,” the statement continued. “It was important for us to not make the decision too soon, without having all of the facts. We wanted nothing more than to turn up with you all at the 6th year of our sold out show. However, as the spread of COVID-19 has increased to tragic levels, it became clear that we could not proceed with the May 8-10 dates.”

“To make sure that fans get the same experience that they signed up for in May, we’ve worked extremely hard with all of the artists, vendors, city and county officials, and the venue to make that happen. Rolling Loud Miami 2020 will be postponed to President’s Day weekend, February 12-14, 2021 at Hard Rock Stadium. Same lineup. Same rage. Ain’t nothin’ changed but the dates.”

Purchased tickets for this year will be honored for the rescheduled date. Refunds will also be given to anyone who wants one. Purchasers will be emailed by Apr. 8th with directions on how to obtain a refund.

The layaway plans have also been extended until August 1st for any fans who missed a payment and still wanted to attend the festival in February. The show was set to be headlined by Travis Scott, ASAP Rocky, and Post Malone. Megan Thee Stallion, DaBaby, 21 Savage, Lil Baby, YG, Tyga, City Girls and more were also set to perform.

Other festivals have canceled or postponed their events. Something In The Water has postponed their three-day festival until 2021. Coachella has postponed their two-weekend event until October of this year. SXSW has been canceled altogether.

Check out Rolling Loud’s full statement below.