|RHCP headlined Lollapalooza 2012 in Chicago.|
According to this article in Haaretz, there is no financial rational in having Lollapalooza in Israel [see below], so clearly it could only be for propaganda, probably aimed as an attack on the boycott. It would likely give musicians the impression others are happy to breach the boycott.
Industry sources say the announcement was made this summer because it would let the promoters start looking for sponsors. This would give the producers time to gauge the reaction of the public and investors - and see whether a profit could be made from Lollapalooza Israel. An industry executive said such an event would need huge sponsorships, and in the end would not prove profitable. He said the organizers needed around $4-5 million in sponsorships, and a ticket would cost about NIS 500. "I don't think these amounts will draw a big crowd," he said. "For the festival to make a profit, they need about 30,000 people to come every night to Yarkon Park. I can't see that happening."
Article excerpt, see full text at http://www.haaretz.com/culture/arts-leisure/tel-aviv-gears-up-for-lollapalooza-music-festival-in-2013.premium-1.465958
The American Lollapalooza music festival is coming to Israel next summer. Lollapalooza Israel will be held on August 20-22, 2013, in Tel Aviv’s Yarkon Park.