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A Letter From Bill Graham

The process will commence with the formal closing of Fillmore East on Sunday, June 27, 1971.

My reasons are as follows:

1) The unreasonable and totally destructive inflation of the live concert scene. Two years ago I warned that the Woodstock Festival syndrome would be the beginning of the end. I am sorry to say that I was right In 1965 when we begin the original Fillmore Auditorium, I associated with and employed “musicians.” Now, more often than not, its with “officers and stockholders” in large corporations – only they happen to have long hair and play guitars. I acknowledge their success, but condemn what that success has done to some of them. I continue to deplore the exploitation of the gigantic-hall concerts, many of them with high-priced tickets. The sole incentive of too many has simply become money. The conditions for such performances, besides lacking intimacy, are professionally impossible according to my standards.

via A Letter From Bill Graham.

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