Managers introduced the “impossibly hard” choice to shut the venue in Fortitude Valley for good on July 8 as a consequence of cost-of-living pressures.
“Sadly, the financial reality of keeping music venues afloat in 2024 is all too stark,” the business stated in a press release.
“The Zoo reached its highest ticket sales in its 32-year history last year, yet this was still not enough to combat rising operational costs, and decreasing returns.
“As a music venue, we attempt our greatest to maintain venue rent prices as little as potential for artists and promoters, which implies that the monetary dangers are on the venue, and we rely on bar gross sales for revenue.
“The cost of supplying alcohol is rising and bar sales are going down, likely due to a mix of lifestyle changes and cost of living stress for our patrons.”
The Aussie music festivals we have misplaced
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 May 6.
“Despite exploring every avenue available to us, we could not secure the level of support needed to surmount the continued financial strain,” they stated in a press release.
“We have no choice but to call last drinks for both of our beloved music venues.
“To our loyal punters and previous performers, we thanks for the good occasions we have shared; the a long time of dancing, singing and moshing.
“The kindness of our community of music lovers is a gift The Zoo team has cherished.
“We hope you will proceed to help native reside music and hold the scene alive in Brisbane and nationwide.
“We encourage you to advocate for live music, to implore our government and music bodies to do everything they can to prevent more venues from closing their doors due to industry-wide financial pressure that is decimating venues across the country.”
The venue invited folks to affix them for “one last dance” over the following few months and promised to make the ultimate weeks “very special”.
Back in March Splendour within the Grass Organisers introduced the cancellation of the pageant, which featured Aussie acts together with Kylie Minogue, G-Flip and Tones and I.
Source: www.9news.com.au
