- More than half of Americans have attended a music festival, indicating lucrative potential for music and art destinations
- GTVH recently closed on the acquisition of ABI Create, a premier event-management and production company
- With the invaluable resources ABI Create brings to the table, the future of Destino Ranch looks more promising than ever
With Coachella still fresh in music lovers’ memories, it’s only natural to look at what other amazing music festivals might be looming in the future. Destino Ranch comes to mind. A new project focused on becoming an international destination where nature and technology combine to create unforgettable experiences such as outstanding music festivals, Destino Ranch is being developed by Golden Triangle Ventures (OTC: GTVH) and its entertainment division, Lavish Entertainment.
Officially called the Coachella Valley Music and Arts Festival, Coachella is held over two weekends at the Empire Polo Club in Indio, California, in the Coachella Valley in the Colorado Desert. The event traditionally features an array of musical artists from different music genres, including rock, pop, indie, hip hop and more; the festival also includes art installations and sculptures.
This year, Coachella saw record attendance, with organizers reporting an estimated 300,000 people flocking to Indio (https://cnw.fm/kBJIS). In addition, Coachella’s revenue is impressive, bringing in $115 million collectively from ticket, food and beverage sales and generating around $700 million for the…
NOTE TO INVESTORS: The latest news and updates relating to GTVH are available in the company’s newsroom at https://cnw.fm/GTVH
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