The American company that owns the festival, C3 Presents, confirmed to the Herald "there will not be a Big Day Out in 2015".
But in a statement, it said the Big Day Out would return in future years.
"C3 Presents is proud to own Big Day Out, one of the most iconic and established festival brands in the world.
"While we intend to bring back the festival in future years, we can confirm there will not be a Big Day Out in 2015. We love working on BDO and are excited about the future."
The confirmation follows Australian media reports that no venues had been booked for the festival in 2015.
Co-promoter AJ Maddah yesterday stepped down and ownership was transferred to the festival's American partners C3 Presents.
The Perth leg of the Big Day Out had already been scrapped after low attendance figures, and losses for this year's event were somewhere between $9-$12 million, the SMH reported.
Sydney Showground's general manager Peter Thorpe told SMH the Big Day Out would not be held at the venue in 2015.
"All I know is they cancelled the booking last week and we were told to release the date," he said.
"It's very disappointing for the fans and for us because it's an iconic event."
Calls and emails to New Zealand's Big Day Out promoter Campbell Smith weren't returned.
The Big Day Out returned to New Zealand this year after being cancelled in 2013 because of low crowd numbers in 2012.
It was headlined by Pearl Jam, Snoop Dogg and Arcade Fire, and attracted near sell-out crowd numbers of more than 40,000.
But the festival was marred by sluggish attendance at some Australian venues and the last-minute pullout of co-headliners Blur, who were replaced by Deftones, Beady Eye and The Hives.
