Coachella Made More Money Than Ever in 2014
The two-weekend fest raked in a $78 million gross
For the third year in a row, the Coachella Valley Music and Arts Festival made more money in ticket sales than ever before, Billboard reports. The festival, which took place April 11 – 13 and April 18 – 20, sold out each of its six days for a total attendance of 579,000 (or 96,500 per day). This figure resulted in gross ticket sales of over $78.3 million. For comparison’s sake last year grossed $67.2 million, which still outranks the Gross Domestic Product of several small countries.
Coachella’s promoter Goldenvoice also put on a country festival called Stagecoach the following weekend which drew in $18 million on its own. Between all three April weekends, the company grossed almost $97 million. The series kicked off, of course, with Outkast’s reunion. Other major Coachella stars this year included Arcade Fire, Skrillex, Queens of the Stone Age, and birthday boy Beck. SPIN cover star Eric Church headlined Stagecoach.