The legendary 31-date US tour has been scrapped following poor ticket sales - leaving the festival's founder, Jane's Addiction's Perry Farrell, utterly heartbroken
Despite a line up including the likes of Morrissey, The Flaming Lips, and The Polyphonic Spree, festival promoters have pulled the plug on Lollapalooza with just three weeks to go, claiming they stood to loose millions.
Confirming the cancellation, Lollapalooza co-founder, Jane’s Addiction’s Perry Farrell, said: “My heart aches along with the bands and all of our employees, whose hard work developed one of the most exciting and important tours that this nation was to see. My heart is broken.”
Fellow co-founder, Marc Geiger of the William Morris Agency, added: “If ticket sales did not dramatically pick up – which they showed no indication of doing – the people involved faced losses in the mid-to-high six figures on a per-show basis.”
“Lollapalooza is not alone in this. Everyone from The Dead to Dave Matthews to Norah Jones is suffering. There’s not one explanation for this. It might be that ticket prices are too high, which doesn’t account for Lollapalooza, because our tickets were priced between $15 and $25. Maybe it’s the sundry add-ons that up the cost? Maybe gas prices are too high? Just like the record industry is suffering, the concert business is not exempt.”
Industry insiders have indicated that high ticket prices and schedule saturation, which caused a decline in the American live industry a few years back, is starting to have an effect again.
Whether that is the case, and whether the same could happen to what is still a buoyant live and festivals scene over here, remains to be seen.