Glastonbury Festival - Glastonbury Facing 2015 Axe

The three-day festival in south west England, which is held annually in June, has become the highlight of Britain's music calendar since its launch in 1971, attracting headline acts including Sir Paul MCCartney, Oasis, and U2.

This year's (11) event was one of the most popular in its history and came to a spectacular end with a closing performance from Beyonce on the Sunday night - but organiser Eavis worries the festival could be living on borrowed time.

He tells Britain's The Times, "It's on the way out. We've probably got another three or four years. (British festivals) Womad and Latitude are not selling out. Partly it's economics, but there is a feeling that people have seen it all before...

"We sell out only because we get huge headliners. (But) in the year Jay Z played we nearly went bankrupt. I don't see the market will be there in the future."