My Bloody Valentine: To Play Coachella '08?

First it was the Pixies, and soon scores of others followed in suit; Gang of Four, Rage Against the Machine, and the Jesus and Mary Chain, among others -- It seems a headlining gig at the Coachella Music and Arts Festival is par for the course for a reuniting rock outfit. And today, speculation has arisen stating shoegaze pioneers My Bloody Valentine will be next act to reunite and grace the stage at 2008's Coachella installment. According to thedailyswarm.com, which cites "sources in the United States and the United Kingdom who are familiar with the negotiations," My Bloody Valentine, the defunct, seminal Ireland-based outfit fronted by Kevin Shields and responsible for genre-defining opus Loveless, is near signing a deal to reunite and hit the stage at Coachella, as well as others worldwide on a extensive reunion tour. One query of note: how much money is on the table? While Moz won't budge for $75 million, rumors claim the Pixies and Rage Against the Machine both dipped well into seven figure paychecks. A festival spokesperson claimed to have "no information whatsoever.
Source: spin.com