August 9, 2009 12:51 PM ET
Perry Farrell shouts out Lou Reed for his first-ever U.S. festival appearance and promises a spectacular set from Jane's Addiction at Lollapalooza (helicopters will be involved) during an on-the-scene chat with Rolling Stone. The recession has taken its toll on the live-music business, but Lollapalooza sold out for a second time this year and fest co-founder Farrell attributes the event's continuing success to the "high value for a person's dollar." Watch him talk about the unique Lolla experience for fans and artists above, and take a trip back through the festival's history here:
• Lollapalooza: The Life, Death and Rebirth of America's Storied Rock Festival
Plus, dive into this year's killer fest in Lollapalooza '09 photos.
To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here
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