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Update: Monolith Music Festival R.I.P.?

on November 19, 2009, 1:05pm

Update: We’ve been told by Monolith not to give up hope yet. What’s more, organizers have launched a Kickstarter account where kind, festival loving folks can donate to the cause. As of 1:00pm, they only have $248,420 to go!

Since forming in 2007, the Monolith Music Festival has brought the likes of Spoon, The Flaming Lips, Vampire Weekend, TV on the Radio, Justice, The Mars Volta, Yeah Yeah Yeahs, and Phoenix to the Red Rocks Amphitheatre in Morrison, Colorado. However, as revealed in a open letter posted on the festival’s website late last night (Nov. 19), the future of Monolith is now “very grim.”

The letter reads, “A tough economic year and an opening day of chilling rain combined to put a serious dent in our humble operation. We have continued to pursue any and all options that would allow us to recover from this year and head into 2010 with full steam. At this point in time, we have been unable to secure any options. We are communicating this message to you – the fans, the media and the artists who have supported time and time again for good reason. We hope that somewhere, in our vast network of music lovers, that there may be someone with the means to pull us up by our boot straps and give us chance to continue building this amazing event.”

Thus, Monolith is now seeking individuals/parties who would be interested in purchasing/investing in the festival. Anyone want to help them out?

Of course, we’ll update you regardless of what happens. Read the letter, in its entirety, below:

MONOLITH Fans,

We are very saddened by the nature of this announcement but wanted to bring it to you first. We feel like we have always been very fan-centric, honest and open with you therefore it’s important to us to communicate the severity of our current situation. We have tirelessly promoted and produced the Monolith Festival for 3 years now. Over the course of those three years we have witnessed some amazing performances, met a bunch of great friends and produced a very special event that filled our voracious appetite to deliver the most amazing new artists in the world. Many of you who know us know that we do this out of sheer pleasure, undesirable love of music and a vehicle to tout our admiration for hardworking musicians.

With that said, the future of the festival is very grim. A tough economic year and an opening day of chilling rain combined to put a serious dent in our humble operation. We have continued to pursue any and all options that would allow us to recover from this year and head into 2010 with full steam. At this point in time, we have been unable to secure any options. We are communicating this message to you – the fans, the media and the artists who have supported time and time again for good reason. We hope that somewhere, in our vast network of music lovers, that there may be someone with the means to pull us up by our boot straps and give us chance to continue building this amazing event.

If you have any input or know of someone who may be interested in investing in/purchasing our small but mighty event, we would love to speak with them. We have a number of options available for interested parties/individuals. For more information please contact jb@monolithfestival.com. Again, this is our last resort and we have explored just about every option that is available to us. To the folks who we still hold financial obligations to, we whole-heartedly appreciate your patience and willingness to work through this tough time with us.

A very special thanks to the fans who have bought tickets, told your friends, blogged and shouted from the mountaintops about their admiration and love for Monolith. We encourage you to continue this as it can only help our cause. We would also like to thank our loyal, generous sponsors who have been there for us year after year. Specific thanks and credit goes to Esurance who saw our vision for this event and remains the sole reason why this event was even possible.

Best Regards, MONOLITH Team

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