After debut album "Just For A Day" saw the band emerge as a leading shoegaze band the band sought to embark on a US tour during 1993, following the release of Souvlaki (which is their most popular and well-received record) and didn't receive the necessary funding from SBK, their label, for the last two weeks of the tour. Rather than shun a US tour, they chose to finance the tour out of their own pockets and managed to tour briefly during that year in the US.
In 1995, the band recorded their final record, Pygmalion. A misunderstood and widely misinterpreted "ambient" record, it took the dreamy guitar sound and warm yet solemn tone of earlier Slowdive to a newer, more minimalist extreme.
After Slowdive were dropped by Creation Records, Halstead, Goswell and McCutcheon decided to change musical direction to a dream pop / country rock / folk music style through the band Mojave 3. Neil Halstead also formed Black Hearted Brother, Rachel Goswell also performs with alternative rock supergroup Minor Victories and Simon Scott has been involved with a variety of musical projects including Inner Sleeve, Televise, Lowgold, The Sight Below, Seavault and Chapterhouse. All 3 have also released a number of solo projects.
In January 2017, Slowdive announced they had signed to Dead Oceans and are working on new material. On January 12, the band released "Star Roving", their first song in 22 years.