The Big Day Out festival has slashed its Sydney dates in half. The travelling music festival admitted it was a "bit ambitious" for scheduling two dates in the Australian city for 2014, and now it's cancelling the second date.

BDO 2014 had seven dates originally planned, with two to be set at the Sydney Showgrounds on January 26 and 27. However, organisers have now acknowledged that they can't accommodate both dates anymore.

The statement on their Web site reads:

"Perhaps we were a bit ambitious expanding to two dates in Sydney for this year's Big Day Out... The Sydney Big Day Out show scheduled for Monday, January 27 will now be merged into one show on Sunday, January 26, Australia Day."

Those who have already bought the January 27 date tickets are given three options. They can use their ticket for the January 27 festival; there is no need to exchange the tickets as they are automatically valid. They can also opt for a full refund until October 30, 2013 if they choose not to attend anymore.

Or they can exchange their tickets for any other Australian Big Day Out festival (Gold Coast, Melbourne, Adelaide, or Perth).

BDO is still selling the January 26 tickets through their Web site (www.bigdayout.com) and through Ticketmaster until they are sold out.

And given the merging of the two dates, organisers are expecting to sell out tickets much earlier. They are also looking into a possible expanded capacity to accommodate all ticketholders.

Save for the cancelled January 27 event, the dates for BDO 2014 remain unchanged:

January 17 - Western Springs, Auckland

January 19 - Metricon Stadium & Carrara Parklands, Gold Coast

January 24 - Flemington Racecourse, Melbourne

January 26 - Sydney Showgrounds, Sydney

January 31 - Bonython Park, Adelaide

February 2 - Claremont Showgrounds, Perth

In August, organisers have announced that they have sold out the New Zealand date tickets for the early birds in just 45 minutes. The pre-sale went live on August 12 at 9am, allowing festival-goers to buy at a discounted price of $165. In less than an hour, 10,000 tickets have been sold.

Headliners include Blur, Pearl Jam, Arcade Fire, and Snoop Dogg.

Related:

Big Day Out New Zealand: 10,000 Ticekts Sold Out In 45 Minutes [READ]

Big Day Out 2014 Lineup Announced: Blur, Pearl Jam, Arcade Fire Named Headline Acts [READ]