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Lollapalooza In 2002?

Lollapalooza in 2002? After being closeted for five years, festival co-owners Peter Grosslight of the William Morris Agency, Perry Farrell and his former manager Ted Gardner are "laying the groundwork to roll the venture out again next summer," reports the Los Angeles Times.

"We think the time is right," said Grosslight. "We're seeing bands that are meaning something to kids without great support from radio. There is a sort of new alternative scene, so to speak. Obviously, nothing repeats exactly the same way, but we see things happening with the economy and all that.

"We went through a period where people [in the music business] cared about nothing but money, but now that some things have changed, people will be a lot more concerned about ticket pricing and doing business right," he added.

And if the festival gets off the ground, it might have something new – corporate sponsorship.

"Before we didn't and wouldn't have sponsorship, and the demands of the bands made it prohibitive to put a bill together," Grosslight said. "We just couldn't afford it."