Organiser admits that festival almost went bankrupt when Jay-Z headlined in 2008
Glastonbury may only take place for another “three or four years”, according to organiser Michael Eavis.
The Worthy Farm owner claimed that festivals are “on the way out” as music fans are growing bored of going to them.
“Partly it’s economics, but there is a feeling that that people have seen it all before,” Eavis told The Times.
“We’ve probably got another three or four years. Womad and Latitude are not selling out,” he commented.
Eavis also claimed that his festival has suffered financial problems of its own, especially in 2008.
“We sell out only because we get huge headliners. In the year Jay-Z played we nearly went bankrupt,” he added.
Eavis recently told NME he wanted to book The Rolling Stones, Dolly Parton and Led Zeppelin for future festivals. You can view the full interview below.