Yet one more iconic Australian music venue is closing down for good as a result of sky-rocketing price of residing.
The Zoo in Brisbane took to Instagram on Tuesday to disclose that it was being compelled to shut its doorways regardless of report attendance final yr.
Managers introduced the “impossibly arduous” resolution to shut the venue in Fortitude Valley for good on July 8 resulting from cost-of-living pressures.
“Sadly, the monetary actuality of preserving music venues afloat in 2024 is all too stark,” the enterprise stated in an announcement.
“The Zoo reached its highest ticket gross sales in its 32-year historical past final yr, but this was nonetheless not sufficient to fight rising operational prices, and reducing returns.
“As a music venue, we strive our greatest to maintain venue rent prices as little as potential for artists and promoters, which signifies that the monetary dangers are on the venue, and we rely on bar gross sales for revenue.”
“The price of supplying alcohol is rising and bar gross sales are taking place, seemingly resulting from a mixture of way of life modifications and value of residing stress for our patrons.”
The five hundred-capacity venue, which opened in 1992, is likely one of the longest standing stay music areas in Brisbane’s beloved Fortitude Valley.
Managers stated the venue had been working at a loss for greater than three years and their sister venue Stranded would additionally stop buying and selling on Could 6.
“Regardless of exploring each avenue obtainable to us, we couldn’t safe the extent of assist wanted to surmount the continued monetary pressure,” they stated in an announcement.
“We’ve got no selection however to name final drinks for each of our beloved music venues.
“To our loyal punters and previous performers, we thanks for the nice occasions we’ve shared; the a long time of dancing, singing and moshing.
“The kindness of our group of music lovers is a present The Zoo crew has cherished.
“We hope you’ll proceed to assist native stay music and hold the scene alive in Brisbane and nationwide.
“We encourage you to advocate for stay music, to implore our authorities and music our bodies to do all the things they’ll to stop extra venues from closing their doorways resulting from industry-wide monetary strain that’s decimating venues throughout the nation.”
The venue closes on July 8. These holding tickets for concert events after that date can be contacted by organisers quickly.
It comes after Splendour within the Grass turned the most recent Aussie music competition to be cancelled in latest months.