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11/19: Caribou 11/22: Ranger Trucco 11/29: Armand Van Helden* 1/16: L'Impératrice 1/30: Jamie xx 2/1: DJ Seinfeld 2/7: Mild Minds* 3/1: Father John Misty* 3/19: Confidence Man 3/23: DARKSIDE 5/8: Rüfüs Du Sol
Post by WhyTheLongFace on Jun 9, 2020 23:15:48 GMT -5
The news was inevitable but limited in April is a blow. I don’t want to be Debbie downer but I’ll just prepare myself for the best October Coachella ever next year
If it is the case where those who kept tix are the only who get to go, then that would kind of suck
Resell could be high lol
Actually I'm assuming more will ask for a refund once they make an announcement so I'm guessing it'll end up with less than 50% of people keeping their tickets for April. So there could possibly be a very limited sale again.
It's kind of impressive that 60 percent of people kept their tickets past the refund cutoff knowing that the chance of it happening in October was slim at best.
Also, I'm surprised no one has mentioned that the Trump campaign is planning to restart rallies in less than two weeks and literally plans to point to the BLM protests as a defense against people saying they shouldn't be having large gatherings.
For people who know the business side of this, is there an incentive to run a limited capacity version of the 2020 line-up in April due to money already paid to artists?
It seems possible that there's a lot of sunk cost here, and AEG/Goldenvoice want to recoup something off of those artists instead of or in addition to rebooting the line-up altogether for a more timely full capacity October show and spending a lot more money in the process. But I'm unclear on how much they may have recouped from insurance and renegotiated agreements.
As someone who has held onto their tickets to this point, a limited capacity Lolla if it's safe in April sounds incredible, but I am trying to understand the incentives.
For people who know the business side of this, is there an incentive to run a limited capacity version of the 2020 line-up in April due to money already paid to artists?
It seems possible that there's a lot of sunk cost here, and AEG/Goldenvoice want to recoup something off of those artists instead of or in addition to rebooting the line-up altogether for a more timely full capacity October show and spending a lot more money in the process. But I'm unclear on how much they may have recouped from insurance and renegotiated agreements.
As someone who has held onto their tickets to this point, a limited capacity Lolla if it's safe in April sounds incredible, but I am trying to understand the incentives.
It's not just sunk cost for AEG/GV but for the artists as well. Several artists have already spent a lot of money on their production. The last reported total gross I can find is $114.6M in 2017 and while that number would undoubtedly be lower with a reduced capacity, it may be still worth whatever they can get. If possible, I'm sure a lot of those who work in the industry are eager to start working sooner rather than later and start getting paid again.
Coachella brings in a lot of money for the local economy as well. For both weekends and Stagecoach in 2019 (estimated), the overall economic activity was $704M, spending in the greater Coachella Valley was $403M and for Indio alone was $106M. Even 1/3 of that would be a boost for the local economy, ESPECIALLY after this coronavirus recession.
It would be interesting to see how camping vs. hotels would fare. Usually the hotels will jack up their prices but with the reduced capacity of 60%, the demand won't be nearly as high which could sink those prices.
I'm also curious about Stagecoach and how many of those attendees kept their passes. I'm assuming it's more than Coachella's 60% which would bring Coachella's reduced capacity to 75k. Stagecoach only has a capacity of 70k to begin with. If they also postponed to April they can probably just proceed with their normal capacity.
April 2021 being the defacto 2020 line up, and October the actual 2021 line up, and April 2022 getting back on track.. 3 Coachellas in a year span.. I'll take it. Just gotta see if our passes with be honored for next year or will we be getting a refund. I feel like April 2021 (if it happens) will still be both weekends, they'll just keep the capacity at whatever amount of passes were left active after refunds. No more, no less. I do think all 3 HL + Lana will be retained, RTJ seems like they'd have to be in, same with Hatsune and anyone who moved shows to April 2021 already. The rest is a mystery.
April 2021 being the defacto 2020 line up, and October the actual 2021 line up, and April 2022 getting back on track.. 3 Coachellas in a year span.. I'll take it. Just gotta see if our passes with be honored for next year or will we be getting a refund. I feel like April 2021 (if it happens) will still be both weekends, they'll just keep the capacity at whatever amount of passes were left active after refunds. No more, no less. I do think all 3 HL + Lana will be retained, RTJ seems like they'd have to be in, same with Hatsune and anyone who moved shows to April 2021 already. The rest is a mystery.
I read the report as saying it’s either April limited capacity OR October full capacity, not both. I can’t imagine we get three in 18 months.
I think it’ll be October ‘21 to be honest. Which, given some various life events, may actually be best for me personally.
It's kind of impressive that 60 percent of people kept their tickets past the refund cutoff knowing that the chance of it happening in October was slim at best.
Also, I'm surprised no one has mentioned that the Trump campaign is planning to restart rallies in less than two weeks and literally plans to point to the BLM protests as a defense against people saying they shouldn't be having large gatherings.
Did I not say somebody was going to use that argument? Oh wait, I was talking out of my ass apparently because of that. 🧐
For people who know the business side of this, is there an incentive to run a limited capacity version of the 2020 line-up in April due to money already paid to artists?
It seems possible that there's a lot of sunk cost here, and AEG/Goldenvoice want to recoup something off of those artists instead of or in addition to rebooting the line-up altogether for a more timely full capacity October show and spending a lot more money in the process. But I'm unclear on how much they may have recouped from insurance and renegotiated agreements.
As someone who has held onto their tickets to this point, a limited capacity Lolla if it's safe in April sounds incredible, but I am trying to understand the incentives.
It's not just sunk cost for AEG/GV but for the artists as well. Several artists have already spent a lot of money on their production. The last reported total gross I can find is $114.6M in 2017 and while that number would undoubtedly be lower with a reduced capacity, it may be still worth whatever they can get. If possible, I'm sure a lot of those who work in the industry are eager to start working sooner rather than later and start getting paid again.
Coachella brings in a lot of money for the local economy as well. For both weekends and Stagecoach in 2019 (estimated), the overall economic activity was $704M, spending in the greater Coachella Valley was $403M and for Indio alone was $106M. Even 1/3 of that would be a boost for the local economy, ESPECIALLY after this coronavirus recession.
It would be interesting to see how camping vs. hotels would fare. Usually the hotels will jack up their prices but with the reduced capacity of 60%, the demand won't be nearly as high which could sink those prices.
I'm also curious about Stagecoach and how many of those attendees kept their passes. I'm assuming it's more than Coachella's 60% which would bring Coachella's reduced capacity to 75k. Stagecoach only has a capacity of 70k to begin with. If they also postponed to April they can probably just proceed with their normal capacity.
The hotel demand for 2021 already hit its peak back in April. Hotels were available just like they always are a year in advance and they got snagged up. Youll see the prices drop closer to the festival if it is indeed proceeding in April just because the algorithm on hotels.com or expedia will still classify it as high demand. You cant even book a proper hotel for october 2021 right now which normally wouldve been possible pre covid.
It's kind of impressive that 60 percent of people kept their tickets past the refund cutoff knowing that the chance of it happening in October was slim at best.
Also, I'm surprised no one has mentioned that the Trump campaign is planning to restart rallies in less than two weeks and literally plans to point to the BLM protests as a defense against people saying they shouldn't be having large gatherings.
Did I not say somebody was going to use that argument? Oh wait, I was talking out of my ass apparently because of that.
This is your defense? “Donald Trump is as dumb as I am!”
Coachella isn’t using BLM as an argument to have the festival. This should have been obvious to you when you said it, and you should be smart enough not to defend it now that they’re literally not having the fest this year.
The problem seems to be more than just safety. Judging by what TFO is saying it’s a staffing problem. Even if they say screw public safety, they don’t have the ability to put it on with their furloughs. So no, Donald Trump rallies are not appropriate comparisons because he uses the presidency to make money and has a base that would give him their last dollar if they had to
As much as it may suck to not potentially get an Adele, Rihanna, etc other big clamored for headliner in 2021.. all 3 of 2020s HLs still translate to next year, no one really loses their luster. Rage is more wanted now than ever with everything going on, Frank is Frank, and if Travis really waits for Coachella next year to drop his album, he'll have way more hype than he would have this year. It'd have been a good chunk of time since Astroworld.
As much as it may suck to not potentially get an Adele, Rihanna, etc other big clamored for headliner in 2021.. all 3 of 2020s HLs still translate to next year, no one really loses their luster. Rage is more wanted now than ever with everything going on, Frank is Frank, and if Travis really waits for Coachella next year to drop his album, he'll have way more hype than he would have this year. It'd have been a good chunk of time since Astroworld.
That’s why it wouldn’t surprise me if they did a smaller April edition with the 2020 headliners then a full fledge October festival with the 2021 group.
11/19: Caribou 11/22: Ranger Trucco 11/29: Armand Van Helden* 1/16: L'Impératrice 1/30: Jamie xx 2/1: DJ Seinfeld 2/7: Mild Minds* 3/1: Father John Misty* 3/19: Confidence Man 3/23: DARKSIDE 5/8: Rüfüs Du Sol
Post by thepiratepenguin on Jun 10, 2020 20:28:19 GMT -5
Reducing the capacity for April with the 2020 acts would be a big blow to people who got refunds because they either couldn't make an October date or just needed that money back. That plus the given unknowns about the state of things in early 2021, I feel like they should put all their eggs in the October 2021 basket. Make it late October to avoid ACL clashes too, and also reduce the temperature a bit.
Post by dreadpirateroberts on Jun 10, 2020 23:33:04 GMT -5
October is probably their best and safest bet. Have one weekend with the 2020 headliners and the other with 2021 headliners. With the undercard, you can have a mix of both. l think they would have a sell out on their hands and a lot of fans would be happy.
11/19: Caribou 11/22: Ranger Trucco 11/29: Armand Van Helden* 1/16: L'Impératrice 1/30: Jamie xx 2/1: DJ Seinfeld 2/7: Mild Minds* 3/1: Father John Misty* 3/19: Confidence Man 3/23: DARKSIDE 5/8: Rüfüs Du Sol
