Maddah told Nova 969's news team they were forced to pull the plug on the festival after the second-biggest headliner pulled out. Listen to the audio above.
“The festival as we know it has been cancelled,” Maddah said.
“We were scheduled to make a second announcement on the first of August – we had our festival co-headliner on that announcement... Their circumstances changed at the last minute and they had to pull out and unfortunately we don’t have enough time to replace them and we didn’t really want to go ahead with an incomplete line-up.
“We could have taken the option of linking through with the line-up as we have now – it would have obviously still been a much better financial outcome for us than to go through the road we have – but we just didn’t want to put an inferior product on the market," he said.
Big acts lined up for Soundwave Revolution 2011 included Van Halen, Alice Cooper, Bad Religion, Panic! At The Disco, Hole, The Used, All Time Low, Sum 41, Dashboard Confessional, Relient K, The Pretty Reckless and more.
Maddah said plenty of bands would still be coming out to Oz.
“A lot of those bands are still coming and we are, you know, creating packages and what have you for them to (play) in clubs and other venues," he said.
The story started to unfold this morning when Steel Panther drummer Stix Zadinia broke news of the cancellation via his Twitter account.
"Soundwave revolution is cancelled. I am bummed," Zadinia wrote.
“Just got word from our management that the whole festival is cancelled. I hope I'm wrong but I was told it's official. Anyone hear same? Maybe we'll still come out and rock anyway! I'm hoping it can get worked out. We wanna rock u guys in Ozn (sic)"
Soundwave Revolution has just posted an official announcement via their Facebook page. It is with great sadness that we announce the cancellation of the Revolution Festival. Many of the festival bands will still be coming to Australia in that time period and team up to bring you some very special shows.
These will include multi band/mini festival line-ups in Brisbane, Sydney and Melbourne. We will be announcing these events in the next 7 days.
Tickets purchased online will be refunded automatically as soon as it can be processed. If you purchased from an outlet, refunds will be available next week from point of purchase.
Maddah was interviewed by Nova 969 News Director Denee Savoia