Lollapalooza '04 canceled due to poor ticket sales

LOS ANGELES (Lollapalooza Official Website) - Organisers of this year's Lollapalooza Festival have confirmed that the 31-date travelling event will not happen this year. Poor ticket sales accounted for the cancellation.
The festival's promoters stood to lose millions of dollars if they'd gone ahead with the festival.

The festival's co-founder, Perry Farrell of Jane's Addiction, stated: "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 stated that Lollapalooza was not alone in experiencing low ticket sales - US tours by Norah Jones and Dave Matthews have apparently suffered too, possibly/probably due to high ticket prices (although tickets for Lollapalooza started from $15).
"I am in utter disbelief that a concert of this stature, with the most exciting line-up I've seen in years did not galvanise ticket sales," co-founder Marc Geiger said. "I'm surprised that given the great bands and the reduced ticket prices that we didn't have enough sales to sustain the tour. Concert promoters across the country are facing similar problems. Many summer tours are experiencing weak ticket sales."

Lollapalooza was supposed to host blue-ribbon acts like Morrissey, Sonic Youth, PJ Harvey, The Flaming Lips, Pixies, Basement Jaxx and Wilco.