Don’t worry, the Chicago version will still exist — there’ll just be a Lollapalooza sister festival in Chile. There are no bands yet announced, but the event will go down April 2 and 3 at O’Higgins Park in Santiago. Chilean bands will be spotlighted and, organizer Perry Farrell says, ““we are also looking to bring some of those artists out to Chicago for a musical foreign exchange.†Sweet! Only question: Has anyone checked to make sure that “lollapalooza†doesn’t translate into anything weird in Spanish? [ArtsBeat/NYT]