For all the Verge and Nateva’s of the world (aka those music festivals set to debut this summer), there are even more which will be calling it a day. Following in the footsteps of 10,000 Lakes, All Points West, Rothbury, No Fun Fest, and Detour, both the Tulsa based DFest and the San Diego based Street Scene music festival have also announced plans for hiatuses in 2010.

Over the last eight years, DFest has taken over downtown Tulsa with an electric lineup of mainstream and local acts. Last year’s edition, for example, featured The Black Crowes, Gogol Bordello, Cake, Bassnectar, and Delta Spirit. However, organizers of the festival say the “tough economy, rising production costs, and a decline in lower level corporate sponsorships and support,” prevented them from going forward with this year’s edition, reports Tulsa World.

“At the point we knew that we had exhausted any and all options and head into July 2010 with full steam, we decided to postpone the event on our own terms. The integrity and quality of Dfest is of the utmost importance to us as the creators of the event,” explaiend DFest co-founders Tom and Angie Green in an issued press release.

Street Scene, on the other hand, blames major financial losses during its 25th anniversary edition last year. Despite a bill featuring M.I.A., Modest Mouse, Black Eyed Peas, The Dead Weather, and Cake, the festival drew an an attendance of nearly half of what was initially hoped. As a result, organizers founded themselves in debt for $2.8 million and were forced to liquidate assets, according to SignOnSanDiego.com.

Organizers of both festivals expressed hope for a return in 2011.