Coachella officially surpasses festival franchise records in 2017
As Coachella continues to triumphantly expand year after year, official statistics released recently now show that it is the only reoccurring festival to gross over $100 million. The two-weekend event grossed $114.6 million in 2017 alone, falling short behind Goldenvoice’s other widely successful festival Desert Trip, which brought in over $160 million in 2016. Coachella draws in thousands of music lovers to Palm Spring’s doorstep annually, attracting crowds with large dance music headliners such as Dillon Francis and Martin Garrix.
According to an article in Billboard, “Revenue for the festival has jumped seven-fold from a decade ago, when the 2007 gross was reported at $16 million with 62,000 over one weekend,” proving the massive growth of the franchise within the past 10 years. Last year’s addition brought even a larger crowd after Goldenvoice was granted approval to increase the audience size by officials in Indio, California
While only Beyonce confirmed as a headliner for next year, expected year-over-year growth is looking promising for the weekends of April 13-15 and April 20-22 in which Coachella 2018 will officially take place.
H/T: Billboard
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Categories: Music