Art & Experience: Tropfest known as one of the world’s largest short film festivals has been cancelled just weeks before its scheduled date because of a financial problem.

The event, which is funded mainly by corporate sponsors has become a centrepiece of Sydney summer activities over two decades and is the world’s largest short film festival, was to be held on December 6th.

Tropfest Founder and Director, John Polson, said the company “contracted to raise the funding and administer the Tropfest event is unable to move forward for financial reasons.” Polson has taken legal action against the company managing the festival.

More than 450 films were entered in 2015 and Hollywood star Susan Sarandon had agreed to head the judging panel for the December 6 event, which was focused on Sydney’s Centennial Park, but was also to be simulcast in Adelaide, Canberra, Perth and Melbourne, and shown on SBS television.

Hollywood star Susan Sarandon was to be president of the jury, joining such high profile past judges as Russell Crowe, Cate Blanchett, Nicole Kidman and Keanu Reeves.

The festival started at a small cafe in Darlinghurst (Tropicana Cafe) in 1993 and has become one of the world’s largest short film festivals.