Avicii Retires from Touring as EDM Drops in Popularity

Avicii Retires from Touring as EDM Drops in Popularity
It'll soon be harder than ever to find the drop, because EDM superstar Avicii has announced he's retiring from touring.

The Swedish superstar born Tim Bergling announced that he's done hauling his laptop around on the road, telling fans that he plans to stay home in a new open letter.

Posting to his website, Avicii offered a long list of thank-yous before telling fans that his 2016 tour dates will be his last. 

"My choices and career have never been driven by material things, although I'm grateful for all the opportunities and comforts my success has availed me," he wrote. "I know I am blessed to be able to travel all around the world and perform, but I have too little left for the life of a real person behind the artist."

Avicii went on to say that he won't stop making music, but he doesn't plan on touring again after this year. Then again, he added that he still might hit the road again one day. "I could be back ...but I won't be right back," he wrote.

The news comes hot on the heels of a Page Six report [via FACT] that suggests EDM is on its way out. According to an insider source, EDM contract fees are down 50 percent for performers in Las Vegas.

Jesse Waits, one Vegas promoter, explained that he hopes to move away from booking big-ticket EDM stars. Calling EDM fans "not cool," he said, "We created a monster."