Stereosonic founder Richie McNeill has revealed he is planning to launch two new music festivals over the next year, one of which is set to take place this December.
Speaking to Mixmag, McNeill said, "I am launching a new festival in December (and) have a camping festival launching next year.
"Heaps of tours. Heaps of new events. You'll just have to wait and see. Can't let too much out of the bag."
A source recently told The Music that the festival planned for this year will take place on the same weekend as the now-cancelled 2016 Stereosonic event in Sydney.
A spokesperson from Sydney Showgrounds advised The Music that an event is indeed booked for that particular weekend, though they could not disclose any further details.
McNeill's Hardware Group is believed to lead the new festival and the promoter confirmed he will again be teaming up with fellow Stereosonic co-founder, Frank Cotela.
"Sure (I would work with him), Frank is great," McNeill said.
"He has always been forward thinking and we share a passion for the music and putting on shows."
McNeill, who has not been actively involved with Stereosonic over the last two years, confirmed his doubts for the EDM festival to ever return after its cancellation this year.
The Music has contacted McNeill for further comment.
