Of that, just over $400 million funnels into the local economy of the Coachella Valley - a perennial host of numerous events - alone. Large-scale music festivals in the Inland Empire generate more than $700 million annually. If all of that seems like quite an investment, consider the payoff. Related: Country Singers With a Net Worth of at Least $20M Instead, the artists perform, attend panels and meet their fans for free as a 'thank you' gesture, with millions of dollars in profit going to various charitable causes. Speaking of exceptions, performers at the CMA Music Festival - which made $60 million in ticket sales in 2016 - take no paychecks at all. Guns N' Roses pulled up to $8 million for its two Coachella weekends, while Outkast charges $1 to $4 million per music festival outing. From leaked examples, we know that LCD Soundsystem made roughly $100,000 for headlining Bonnaroo in 2010, but Coachella paychecks - as Gaga proves - now regularly top $3 million for headliners. Paychecks are all over the map, of course, and performers aren't eager to publicize their bankrolls. Plus, once the land is secured, organizers might pay around $850,000 or more to insure it for the fest.Ī.RICARDO / Performer Paychecksīased on her insurance policy alone, Beyonce will still make about $1 million despite having canceled her 2017 Coachella performance, while new headliner Lady Gaga will likely rake in $3 to $4 million for her back-to-back weekend performances. Consider that a single acre can go for as much as $220,000, and suddenly the potential number jumps into eight-figure territory.

But since we're talking about country-club adjacent turf, it's wiser to look at prime real estate in Indio. If Goldenvoice got an amazing deal, the company would be looking at a nearly $900,000 purchase, not including the country club itself. So on the extreme low end, that averages to about $3,000 per acre. Though exact details of the deal were never disclosed, you can easily do a little speculative math.Īt 2017 prices, you can get nine acres in the Indio area for as little as $27,000, or two acres for less than $6,000. For instance, back in 2012, Coachella promoter Goldenvoice purchased 280 acres surrounding the Eldorado Polo Club in Indio, Calif. Music festivals span hundreds of acres, so you might guess that securing the land is a key cost for festival organizers - and you'd be right.

Backstage pass game transfer saves