matt orefice sends the link:

Coachella The Film Released Next Year - Filter Magazine
by Staff | 12.06.2005

All the years of sunburns, hanging out longingly by the coveted VIP tent, one too many trips to the beer garden and watching amazing live sets, we've earned it. The powers that be are releasing Coachella--a film featuring performances from the last six years of America’s most critically acclaimed music festival.

Some performance highlights include show-stoppers from The Arcade Fire, Bright Eyes, The Crystal Method, Iggy & The Stooges, Morrissey, Oasis, The Pixies, The Polyphonic Spree, Radiohead and The White Stripes. The film also features appearances from Beck, Josh Homme, Mos Def and Lollapalooza founder Perry Farrell. The film will debut in theatres in late January 2006 and was directed by Drew Thomas.
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An anonymous person also writes:

From mtv.com headlines:

"Coachella," a film featuring performances captured during the last six years of the Indio, California, rock festival, will be coming to movie theaters in 2006. While a definitive release date for the film is still being deliberated, the movie will feature the Arcade Fire, Radiohead, Bright Eyes, Morrissey, the White Stripes, Oasis, the Polyphonic Spree and the Pixies, among others, according to the festival's publicist. ...