Jay-Z Almost Broke Glastonbury

Glastonbury organizer Michael Eavis has revealed that the British music festival may not be around much longer. Eavis revealed that the festival has stayed afloat because it sells out annually--and it sells out because it lands huge stars like U2 and Beyonce. But he doesn't believe it can sustain itself in dire economic times.

According to Eavis, Jay-Z's appearance in 2008 was almost the festival's financial back-breaker.

“It’s on the way out. We've probably got another three or four years. Womad and Latitude are not selling out," he commented. "We sell out only because we get huge headliners. In the year Jay-Z played we nearly went bankrupt."

The festival won't take place in 2012, but it scheduled to return in 2013.

Beyonce On Glastonbury

Glastonbury is one of the U.K.'s most celebrated musical festivals. While the venue became famous for alternative rock acts in the 1990s, in recent years, more rap and R&B have taken over the bill. Jay-Z famously played the festival in 2009 and this year, his wife Beyonce gave a dazzling performance for 175,000 in attendance.

"I’m feeling so good," Beyonce said after the show. "I’m completely high. It’s so surreal of what just happened and I wasn’t kidding when I said, “This night was a dream.” I felt like a rock star and the crowd looked like rock stars. I’m just so honored really; this is like a highlight of my career."