Perry Farrell Bails On Lollapalooza?

Perry has some new plans. Photo by Jay Blakesberg.

Perry Farrell is backing out of Lollapalooza this year and

plans to produce his own exotic alternative touring festival instead. That's

the word from our very reliable sources, one of which is none other than Art

Collins, who manages Iggy Pop. As previously reported in ATN, when Farrell

interviewed Pop recently for an article that will either show up in

Bikini or Raygun, he asked the Igster if he would perform at his

new festival. Pop put him off because he's seriously considering hitting the

road this summer with a reformed Stooges to play the main stage

at....Lollapalooza.