Newsom touts Coachella as CA success story; 60% of tickets were financed

Is It Worth Going Into Debt for Coachella?

Sixty percent of Coachella ticket holders used a payment plan to finance their festival experience. How many of the rest were paid by brands to be there?

Newsom touts Coachella as CA success story; 60% of tickets were financed

(The Center Square) - California Gov. Gavin Newsom touted the success of California’s Coachella Valley Music and Arts Festival as evidence the state remains the world’s entertainment capital.

Say What Now? Coachella Kicked Off With Reportedly More Than 60% of Its Attending Crowds Financing Their Tickets Through New Payment Plans

As the cost of a Coachella ticket soared to at least $600, the majority of revelers were forced to adopt a new way of paying. Approximately 80,000 to 100,000 fans each weekend will have coughed up the $599 ticket price to see headliners Lady Gaga, Travis Scott, Green Day and Post Malone. But ticket price is often just the cost of entry — many of those fans will spend more than a $1,000 per weekend on lodging and cough up hundreds of dollars more…

Newsom touts Coachella as CA success story; 60% of tickets were financed | The Highland County Press

California Gov. Gavin Newsom touted the success of California’s Coachella Valley Music and Arts Festival as evidence the state remains the world’s entertainment capital. But with reports finding 60% of the festival’s $599 bare-bones tickets were financed and Los Angeles film shoots down 22% since last year, some wonder if the curtain is falling on the state’s entertainment industry.