The American live music scene has become a culture of super festivals. After high-profile blunders this year, including the collapse of the Fyre Festival in the Bahamas and the Pemberton Music Festival in Vancouver, Canada, some promoters are reassessing the demand for — and their ability to execute — new mega-events on the scale of Coachella. On average, those who attend a festival spend more on live concerts, digital music and streaming subscriptions than the general population. Federal authorities are reportedly investigating the festival’s promoters for possible mail, wire and securities fraud. Last year’s classic rock blowout Desert Trip, held on the Coachella grounds in Indio, grossed $160 million from six nights, making it the highest-grossing music festival in history.

Source: Los Angeles Times June 24, 2017 00:07 UTC