Lollapalooza 2004 has been cancelled this year due to crappy ticket sales. Perry Farrell, in a message posted on the festival’s official site, wrote, “It is with heart gripped despair that I inform you of Lollapalooza’s disbandment for the summer of 2004.”

Yes, well.

It seems that unless you’re a crowd-pleasing baby-boom act like The Eagles or Fleetwood Mac or Paul McCartney or Bruce Springsteen, or you’re a younger-generation draw, nobody’s going to want to shell out the bucks to see you live.

Of course, outrageous ticket costs, crappy live shows, and obnoxious crowd behavior may also have something to do with the trend, but whatever.

So much for alternative rock’s lasting power. This must be the final nail in Kurt Cobain’s coffin, I suppose. Not to mention Morrissey’s.