New Australian touring hip hop festival DRIP World has been postponed until next year due to visa issues surrounding "key artists" on the debut line-up.

In a statement posted to the festival's Facebook page today, it has been announced the events have been moved to January 2020. 

"It means that we have waited until the 11th hour, in hopes that we would receive visas for some of the key artists performing on our incredible DRIP World line-up and until this morning we have not received those visas," the statement reads.

"It has to be noted that we have no doubts that everyone on our line-up will be granted a visa into Australia. However, with delays in getting the submissions through for approval, there is no guarantee that they will all be granted in time for the festival tour starting this weekend.

"We couldn’t risk not to deliver the artists we promised so a decision has been made by the DRIP Team with everyone’s support to move the festival from winter to summer."

Read the full statement below.

The first event was scheduled to take place at Parramatta Park in Sydney this weekend before moving on to Brisbane, Melbourne and Perth over the next week. 

The line-up featured a string of big acts, including Migos, Akon and French Montana.