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The music industry is fucked and Grizzly Bear frontman Ed Droste explains why

Grizzly Bear frontman Ed Droste has taken to to social media and detailed a long explainer as to why he believes the music industry is fucked.

Droste, who recently hit the road on tour with Grizzly Bear, have a series of shows lined up in both New Zealand and Australia but is far from satisfied with the economic state of the live music industry. In series of posts, which have now been deleted, Droste explained that the band continue to lose money despite selling out venues, he said: “just found out despite huge crowds down under we are basically losing money” before adding that the “music industry is fucked.”

Here’s the full statement:

“People always ask: Why aren’t you coming to “Perth,” “Singapore,” “Quito” ….and I’m trying to explain there is no value put on live music anymore. We feel it’s important to bring with us the fullest show we can with all live instruments and a good light show. But now, when you cut out record sales and we haven’t had a car commercial in ages, we literally lose money.

“So yeah the evolution of the music industry is in my opinion destroying bands that play music that are mid tier or lower. Nobody cherishes or puts any value into the craft that goes into songwriting, or studying music! Yes pop stars write hits. Yay! They also get branding deals, and corp gigs… but when you are dealing with a dying industry and you actually care about a real live show and you aren’t a stare, there’s not much you can do.

“I could go on forever but I won’t. Enjoy it while it lasts. I think we are about to enter a live music drought … TBD.”

Following the reaction to Droste’s views on live performance, the frontman elaborated on his previous comments and lamented the rise of ticket prices and the cut of profits:

“Just want to quickly follow up my comments abbout [sic] the profitability of touring by saying this is not a reflection on any concertgoer or fan. The ticket prices are already absurd if you ask me … this is IMO about the middlemen, of which there are more than ever that cut into the pie. I am so grateful to be able to perform for people for the amount of years I have, even at a loss (which we’ve done many times before)…

“So yeah this isn’t a pity party and no audience member should feel bad! I just want everyone to have the best time possible. Just wanted to shed a light on the logistics of touring places that once we could justify bc there were alternate sources of income like record sales or commercials. You can see it reflected in festival line ups already in terms of genres. It’s just the way things seem to be rolling along and I’m not sure what changes will come or how the cards will fall.

“Thanks for listening and coming to shows! Excited to be playing Adelaide for the first time ever tonight and tomorrow.”