LOS ANGELES — Popular clothing manufacturer JNCO announced a steep drop in their stock price following the sudden announcement that the 2025 addition of Sick New World was being canceled, sources confirmed.
“This is a devastating blow to our bottom line. But I want shareholders to know we are doing our best to get our oversized pants on everyone nostalgic for the late ’90s nu-metal boom,” said JNCO CEO Andrew Jacovou. “We should have seen this coming. Our financial forecast put too much emphasis on the strength of sales we would see before Sick New World, unfortunately Live Nation and their service fees make attending festivals nearly impossible. If they didn’t have such exorbitant extra costs associated with each ticket, the average consumer could be an additional ten pairs of our quality jeans.”
This is a developing story and will be updated.