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As music festivals continue to grow and attract more audiences from different backgrounds, their economics are increasingly analyzed. This video from Complex breaks down some important statistics behind American music festivals. Some notable facts: Austin City Limits is the biggest, drawing 450,000 attendees. Most general admission tickets range from $200-400 with VIP being five to six times that. On average, American music festivals make approximately $100 million. With their popularity only growing and with touring becoming an increasingly important revenue stream for artists, music festivals will probably only continue to grow both in frequency and attendance.
Written by Grant Fox.