For the big summer music festivals – Lollapalooza, Bonnaroo, EDC– you drop at least $200 and sometimes even $400 for three days of music. Is the hefty price fair, though?
In a recent analysis, NerdWallet found that the answer for dance-music fans is “yes” – at least at Lollapalooza and Austin City Limits. In his study, analyst Mike Anderson found that Lollapalooza is such a good deal for Electronica fans that they save over $300 on their purchase.
At other upcoming music fests, the deal isn’t as sweet. At Outside Lands, for example, the dance acts are so thin that fans lose $64.67.
To make these calculations, NerdWallet found the value of each artist with concert prices from their regular, headlining shows. The final, net value was then calculated with the following formula:
Gross value of dance acts – Ticket price = Net value
In calculating these festivals’ gross value, NerdWallet simulated the festival experience of your typical concert-goer. That meant the
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group accounted for:
- Scheduling conflicts
- Shorter sets at festivals
- Inflation (where applicable)
For more detail on NerdWallet’s analysis, check out the full study on their website.