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Coachella Raked In A Record Amount of Money This Year

While the 2014 Big Day Out reported losses in the millions, the folks behind California’s flagship desert festival, Coachella, made a motza, raking in a record-setting gross amount of $78 million dollars.

Billboard reports the festival, produced by Goldenvoice Presents – a division of AEG Live, achieved a combined sold-out attendance for both weekends at 96,500 per day which comes to a a total of 579,000. Their earnings of $78,332,000 topped last year’s event which grossed $67.2 million.

As reported earlier this year, organisers aren’t the only ones making bank at Coachella. Certain celebrities were reportedly set to earn thousands just by attending the event clad in merchandise from sponsors. At the time Breaking Bad star and all round good dude Aaron Paul was reportedly asking for $15,000 and at least two VIP passes to the festival while Glee star and now solo pop singer Lea Michele was set to earn $20,000 from french clothing label Lacoste.

Coachella took place over two weekends this year, April 11-13 and April 18-20, headlined by Canadian indie darlings Arcade Fire, histrionic space rockers Muse and reunited hip hop crew Outkast. A strong Australian contingent also appeared, including Flume, Jagwar Ma, Empire Of The Sun, The Preatures, Flight Facilities and Anna Lunoe. Plus New Zealand’s Lorde and The Naked And Famous.

If you plan on contributing to Coachella 2015’s gross earnings, the festival will take place on April 10th – 12th and 17th – 19th. Pre-sale tickets have already sold-out, but general tickets will go on sale once the festival’s lineup is revealed in January.

Watch: Coachella 2014 – Thank You

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