After recent high-profile blunders, music festival promoters find … – Los Angeles Times
The American live music scene has become a culture of super festivals. Beyond the massively successful Coachella, Lollapalooza and Bonnaroo, the last two decades have seen a tremendous expansion of events that draw thousands of fans and boast multiple stages with city-sized artworks.
Now some believe that bigger is no longer better. After years of expansive growth, some promoters are starting to think smaller, tailoring their offerings to specific audiences.
On Saturday, Pasadenaâs first Arroyo Seco Weekend will pair the likes of Tom Petty with high-end food and kid-focused activities. And in a move reflective of widening festival demographics, parents are encouraged to bring their âtiniest tots.â
Also this weekend, the BET Experience at downtownâs L.A. Live will bring a socially conscious edge to the 5-year-old R&B and hip-hop-driven music festival built around the networkâs annual awards show. Saturday afternoonâs âgeniusâ talks will feature activist-filmmaker Ava DuVernay and tackle such topics as the U.S. prison system.
That refined focus is no accident. After high-profile blunders this year, including the collapse of the Fyre Festival in the Bahamas and the Pemberton Music Festival in Vancouver, Canada, some promoters are reassessing the demand for â and their ability to execute â new mega-events on the scale of Coachella.
âWeâve learned a lot about how expectations are so important. If we want to be here in Year 5, we can’t over-promise,â said Nic Adler of AEG Presents-owned promoter Goldenvoice, whose Arroyo Seco Weekend festival debuts with headline sets from Gen X-friendly acts including Petty, the Alabama Shakes and Mumford & Sons.
âWe want to under-promise and over-deliver. I don’t feel like any promoter today should ever feel like ‘I’ve got this.’â
Over the last 15 years, the festival economy has grown dramatically; according to a 2015 Nielsen Music survey, 32 million people attend at least one music festival in the U.S. each year (nearly half are in the coveted millennial demographic). On average, those who attend a festival spend more on live concerts, digital music and streaming subscriptions than the general population.
Promoters remain eager to tap into that growth with new events, but there are signs of over-saturation.
Rock in Rio USA, which made its North America debut in spring 2015, was supposed to return this year to MGM Resortsâ Las Vegas Festival Grounds, but the festivalâs site remains empty, and organizers have yet to discuss a return. âThey procured a great event, but they spent too much money,â said Chris Baldizan, senior vice president of entertainment for MGM Resorts International, owner of the open-air venue that hosted the festival, â[and] their expenses grossly outweighed their revenues.â
Rock in Rio USAâs quiet disappearance is just one example of the challenges associated with executing multi-day destination festivals amid a crowded marketplace, its abandoned grounds signaling a need for a correction.
âEach year we seem to be adding more and more festivals, and the pool of talent to headline or play isnât growing anywhere near as fast as the number of events,â said Gary Bongiovanni, editor of Pollstar, the concert industry-tracking publication.
âThese festivals are all talent magnets, and itâs not like they are looking for one or two acts â itâs 50 acts or more that play these festivals and they are in demand worldwide. Everybody is chasing the same acts.â
Typically when a festival flops, promoters quietly reassess strategy. Others decide not to return altogether, which is what Made in America did after one year at Los Angelesâ City Hall-adjacent Grand Park.
Fyre Festival was hyped as âthe cultural experience of the decadeâ with two weekends of music on a luxurious private island, $1 million in prizes for its guests, a splashy promotional campaign featuring supermodels and packages costing up to $250,000.
Poor planning by organizers left the event in shambles during its first hours as guests arrived to unbuilt tents, trash-filled grounds, food better suited to sleep-away camp and the cancellation of music acts.
More than a dozen lawsuits alleging fraud, breach of contact and more have been filed as ticket-holders await refunds that have yet to arrive. Federal authorities are reportedly investigating the festivalâs promoters for possible mail, wire and securities fraud.
The Fyre fiasco hadnât even fallen out of the news cycle when the Pemberton event went bust.
Planned for two days in July in the mountains of Canada, with Chance the Rapper, Haim and A Tribe Called Quest, the festival (revived in 2014 after a previously failed run) was abruptly canceled after promoters declared bankruptcy.
Ticket-holders were informed via a notice posted on the festivalâs site that they would not be offered refunds and instructed to âfile a proof of claim form as an unsecured creditor.â
Pemberton and Fyre might be anomalies. âOne was absolute complete incompetence and the other was shaky finances and dubious morals on the people putting it together,â Bongiovanni said. In Southern California, the festival business has boomed, specifically through Goldenvoice-promoted festivals aimed at precise audiences. Coachella continues to dominate, Julyâs FYF Fest in Exposition Park has expanded to three days and Tyler, the Creator’s quirky Camp Flog Gnaw Carnival, also in Exposition Park, will return for a sixth year.
Last yearâs classic rock blowout Desert Trip, held on the Coachella grounds in Indio, grossed $160 million from six nights, making it the highest-grossing music festival in history.
Boasting the Rolling Stones, Paul McCartney, Roger Waters and more, Desert Trip was seen as validating the idea that fests could target a boomer market. Next month Fleetwood Mac, Steely Dan, the Eagles and more will appear at Live Nationâs Classic West at Dodger Stadium.