Music Festivals Float On
Like old dude rocker tours (read: Kiss, Aerosmith, Springsteen), music festivals are not being crunched by the economic downturn in the least (with the exception perhaps being the cancelled Langerado Festival in Miami) – at least according to the producers behind such festivals as Coachella. Ticket sales, they say, are acting as they have in the years before George Bushisms really got cracking.
AEG Live CEO Randy Phillips reports that his company, which produces feats like Coachella, Stagecoach, Mile High, All Points West, and the New Orleans Jazz & Heritage Festival, is “not feeling it yet,” according to Billboard.com.
They’re not the only ones making the same claim, either – and it is more substantiated by the Glastonbury, Reading and Leeds Festivals, which have all completely sold out. And “looking really good compared with last year” are ticket sales for the Tennessee festival Bonnaroo, according to A.C. Entertainment president Ashley Capps. The company puts on the festival along with Superfly Productions. Coachella reps hope to draw between 135,000 and 150,000 concert goers.
The third annual Stagecoach Country Music Festival is actually making improvements on last year’s sales, assisted by a lower ticket price.
It seems that live music is the one commodity that can’t be bootlegged – at least not properly, so it isn’t any surprise that people are still willing to spend the money they have stashed under their mattresses on something they otherwise couldn’t come by. It also probably helps that people are saving so much money on music through the utilization of peer-to-peer networks.
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