The economic impact of Coachella on the music industry
Coachella draws tens of thousands of guests annually and is one of the biggest and most well-known music festivals in the world. The festival has a large economic influence on the music industry as a whole as well as the Coachella Valley area where it is held. Coachella's economic contribution to the local economy is one of its most obvious effects. Millions of dollars are spent directly during the festival on things like food, hotel, transportation, and other services. A 2017 assessment found that the festival contributed over $90 million in tax income to the state of California, as well as an estimated $400 million in economic activity in the Coachella Valley alone. Coachella has a huge impact on the music business in addition to the local economy. Because of the festival's scale and scope, young and up-and-coming musicians can use it as a platform to share their work and grow their popularity. Because of the exposure they earned at the event, several artists who have perfor...