Newsom Touts Coachella as CA Success Story; 60% of Tickets Were Financed

(The Center Square) - California Gov. Gavin Newsom touted the success of California’s Coachella Valley Music and Arts Festival as evidence the state remains the world’s entertainment capital. But with reports finding 60% of the festival’s $599 bare-bones tickets were financed and Los Angeles film shoots down 22% since last year, some wonder if the curtain is falling on the state’s entertainment industry. “Only Charli XCX could turn the Coachella Valley desert into an electrifying, star-studded performance,” said Newsom in a statement. “California remains the global entertainment capital.” Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx Read more: https://www.thecentersquare.com/california/article_69a037ad-28f0-453c-9f24-44668dc2c937.html