This year's Lollapalooza lineup has been revealed, and it will be headlined by the Arctic Monkeys, Skrillex, Kings of Leon and Eminem. The festival, set for August 1-3, will take place at Chicago's Grant Park.

The annual music festival is now expected to host more than 100 bands and artists, and eight stages have been set up. Tickets for the event will start going on sale on Tuesday, March 25; these are expected to be sold out incredibly fast. The site has a new lottery system to choose a ticket giveaway winner.

In 2013, Lollapalooza was led by Mumford & Sons, Nine Inch Nails, The Killers and The Cure, among other big name celebrities. The 2014 lineup is no stranger to Chicago; in 2011, Eminem and the Arctic Monkeys performed at the show, and Kings of Leon were there in 2009. Not to miss out, Skrillex was part of the music festival in 2012.

There are, however, people who are not so enthusiastic about the lineup, specifically because most of the rumored participants are only playing one night because they will also be performing for Coachella and another competitor, Bonnaroo. Outkast is one of the rumored performers and Kanye West is another.

There is also speculation that Pearl Jam will be included in the mix of 2014 artists as well as Tool. Foster the People is also believed to have made a commitment for this year's event as well as Axwell from the now defunct Swedish House Mafia. He will have to do a solo performance though, similar to what Steve Angelo pulled off in 2013.

Fans online are also throwing around names such as Zedd, Adventure Club, Little Dragon, Nick Cave & The Bad Seeds, Cut Copy, Fitz & The Tantrums and Broken Bells. Until organizers release the final list of attendees, however, no one can say for sure who will be in and who won't.