Coachella music fest heads list of top-grossing concerts
8:16 AM, Jul. 15, 2011
Written by Bruce Fessier
The Coachella Valley Music and Arts Festival was North America's highest-grossing concert of the mid-year, according to figures released by the concert industry publication, Pollstar.
The event staged April 15-17 at the Empire Polo Club in Indio was one of three concerts presented by the Los Angeles- based Goldenvoice company and its parent, AEG Live, to place in Pollstar's 25 top grossing concerts for the period and geographic region.
Stagecoach: California's Country Music Festival and The Big 4 concert, featuring Metallica, Megadeth, Slayer and Anthrax, combined with Coachella to generate almost $40 million in admission fees.
Coachella earned $24,993,698 with its sold-out daily paid attendance of 75,000 people. That eclipsed U2's runner-up numbers for three mid-May shows with Snow Patrol at Estadio Azteca in Mexico City, which earned $22,866,542.
U2's Mexico City shows ranked as the best attended concert run with 282,978 people. Coachella outgrossed U2 because its tickets were $269 to $699 while U2 charged 750 to 2,600 pesos per ticket.
Stagecoach, held April 30-May 1 at the Empire Polo Club, was the fourth-highest grossing concert. It generated $9,195,415 from 54,791 tickets sold at $99 to $799 each. The festival was described as being 99 percent sold-out.
The Big 4 ranked 23rd in Pollstar's top-100 list. That one-day show made $4,793,768 from 44,205 tickets sold for $99 to $199. It was described as 88 percent sold-out.
None of the Empire Polo Club shows ranked among the five best attended concerts in North America. After U2's Mexico City appearance, those were:
“Vive Latino,” headlined by Jane's Addiction and The White Stripes, April 8-10 at Foro Sol in Mexico City; 173,366 tickets sold.
Lady Gaga, May 5-6 at Foro Sol in Mexico City; 111,060 tickets sold
Taylor Swift, June 25-26 at Gillette Stadium in Foxboro, Mass.; 110,800 tickets sold.
U2, May 16-16 at Angels Stadium; 105,955 tickets sold.