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.