Lollapalooza India ‘will break even by next year’

The organisers of Lollapalooza India say the festival is on course to break even next year as it celebrates a successful second edition.

More than 60,000 fans over two days gathered at Mumbai’s Mahalaxmi Racecourse from 27-28 January to see headliners Sting, Jonas Brothers, Halsey and OneRepublic.

Held across four stages, the lineup also included acts such as Keane, Lauv, Jungle, Royal Blood, JPEGMAFIA, Meduza, Malaa, Caribou, The Rose and Eric Nam.

The festival was produced by co-founder Perry Farrell, Live Nation’s C3 Presents and Indian ticketing giant BookMyShow, which has expanded into staging live events.

Speaking to Mint, BookMyShow’s chief of business, live entertainment, Owen Roncon says the event is projected to become financially stable by year three – in line with expectations. Tickets started at 5,999 Indian rupee (€66.50).

“Lolla will break even by next year for sure. We are in the ballpark and it’s going per the plan with no massive deviation”

“Lolla will break even by next year for sure,” says Roncon. “We are in the ballpark and it’s going per the plan with no massive deviation.

“The kind of brand pickup that we’ve seen in Lolla is unprecedented. I don’t think there’s any other IP that has picked up this kind of inventory from the market. And it’s only increasing. I think by next year, we’ll be able to do far more for brands, and our plans are bigger and better for the brands themselves. So therefore I think that that those scales are gonna get better.”

Last year’s inaugural Lolla India featured performances from local and international artists including Imagine Dragons, The Strokes, AP Dhillon, Cigarettes After Sex, Divine, the F16s, Jackson Wang, Imanbek, Greta Van Fleet, The Wombats and Diplo. Its debut in Asia meant the brand has now grown to eight countries on four continents, including editions in the US, Chile, Brazil, Argentina, Germany, France and Sweden.

Mumbai-based BookMyShow also launched rock festival Badland in Bengaluru last month, headlined by Deep Purple and Goo Goo Dolls, and is planning a hip-hop festival in Delhi. Roncon reveals the firm is focusing its attention on Mumbai, Bengaluru and New Delhi for large-scale events, and is exploring venue development in various cities as it seeks to improve the country’s live entertainment infrastructure.

“Those can be shared with others too and everyone’s production cost can come down, it brings down the ticket prices and gives talent a platform,” he explains. “We’re looking at that very, very aggressively and I think in the next year or two, you should see a few results.”

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