Lollapalooza owners C3 Presents, William Morris Endeavor Entertainment and founder Perry Farrell will work with Chile's Lotus Producciones, to create a South American version of Lollapalooza this spring.

The successful U.S. music fest will land in Santiago, Chile, April 2-3, 2011
at O'Higgins Park as the first Lollapalooza International.

Similar to its Chicago home Grant Park in North America, O'Higgins Park is a scenic locale in the middle of a bustling urban hub. After debuting as a trailblazing festival tour in 1991, the Lollapalooza brand was resurrected in 2005 as a destination festival that ranks among the highest-grossing events of its kind in the world. Headliners this year were Lady Gaga, Soundgarden and Green Day, and the festival grossed more than $17 million, according to Billboard Boxscore.