The inaugural Panorama will be held at Randall's Island Park on July 22-24.

No acts have been confirmed for the new event, but a press release promises "top tier musical performances, dynamic art installations, innovative technology, and some of NYC’s best local eats."

Last week, the Indio, California Coachella announced its line up - including the specially reunited LCD Soundsystem and Guns N' Roses.

Randall's Island Park is also the location of the Governors Ball festival, which takes place 3-5 June and features acts such as Robyn, Beck, The Strokes, Kanye West, and The Killers.