Music
WENN
The three-day event was scheduled to take place at Butlins in Skegness between April 16 and 18.
Calvin Harris, Scouting For Girls, Alphabeat and Noisettes had all been confirmed to perform at the festival.
Ticket holders can obtain a refund from the point of purchase.
Playaway was launched in December 2009 by Live Nation, the promoters behind Wireless, Latitude and Reading and Leeds festivals.
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