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Coachella rules the music festival circuit, but how long can it stay on top?

Weekend two of the Coachella Valley Music and Arts Festival gets under way Friday in Indio, California. And, of course, it's sold out.

The event is the butt of many online spoofs, with its hipster-bohemian vibe and big bucks admission. It will cost you $375 for a general ticket. It's another $85 to pitch a tent. 

Last year, the wildly popular music and arts show generated more revenue than any other event on the festival circuit. But can Coachella continue to dominate the outdoor music scene? 

Ben Sisario covers the music business for the New York Times. He wrote recently about the business of Coachella and he joined Take Two to discuss it.