Red Bull Music Academy to close down later this year

Later this year, both Red Bull Music Academy and Red Bull Radio will be closing down. Red Bull will still continue to be involved with music, but after 20 years, Yadastar confirmed that the two companies "have mutually agreed to part ways at the end of October 2019."

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— Yadastar (@yadastar) April 3, 2019

Red Bull also confirmed the news in a statement on Resident Advisor, "After 20 years of supporting artists worldwide with its music program in a rapidly changing world, Red Bull will maintain its purpose of providing a global platform to promote creativity—but it is changing the means of delivery. Red Bull will be moving away from a strongly centralized approach, will gradually phase out the existing structure and will implement a new setup which empowers existing Red Bull country teams and utilizes local expertise. Red Bull will continue to explore new ways to support promising and cutting-edge artists wherever they may be."

Over the years the Music Academy has hosted a series of lectures, studio workshops with musicians, and a series of worldwide festivals.