Despite being a “free” festival, Virgin Mobile has still managed to raise $1 million from FreeFest over the past five years.

Presale tickets for this year’s Virgin FreeFest disappeared in about ten minutes today. This means that it’s time for people to start selling them at exorbitant rates on Craigslist, obviously. Ain’t capitalism grand?

Late last night, Sir Richard Branson took a break from his busy schedule of golfing in the dark and trying, unsuccessfully, to sail across the world to tell us all about this year’s Virgin Mobile FreeFest, which will take place on September 10 at Merriweather Post Pavilion.