INDIO, California (AFP) -- The most legendary names in rock including the Rolling Stones, Paul McCartney and Bob Dylan are being lined up for a historic mega-festival, the Los Angeles Times reported Friday.

The newspaper said organizers of Coachella, the lucrative rock festival that opened Friday, were making arrangements for the massive event to take place at the same venue in the California desert on Oct. 7-9.

A representative from Coachella's Los Angeles-based promoter Golden Voice did not respond to a request for comment.

The Los Angeles Times, quoting unnamed sources, said the concert would include six of the biggest acts of their generation -- The Rolling Stones, former Beatle McCartney, Dylan, The Who, Neil Young and Rogers Waters of Pink Floyd fame.

All of the artists except the Stones’ 68-year-old coguitarist Ronnie Wood are in their 70s. The acts all remain active, but pull in major audiences eager to see them for historic reasons.

The concert would mark the first time that McCartney and Dylan, contemporaries who went in different musical directions, have played at the same venue, it said.

The festival, which was also reported by Billboard magazine, would be in line to generate massive amounts of money. The Rolling Stones and Waters are behind the second and third highest-earning concert tours in history, trailing only U2.