There were two stages and a tent where DJs spun (i.e. I think). I stayed in the VIP viewing area for 99% of the day, and only listened to the other stage and watched the screen, when I was interested. Luckily for me, I could see the screen from my makeshift perch. The way the barricades were set up, there was a line of seats in the VIP area, so about 20 of us were able to sit, without having to do so on the ground.
Day 1 of the festival was a long one, but it was worth it to see Jay-Z perform, especially with special guest star Kanye West. I'm a huge Kanye West fan, and having Kanye come out on stage was a dream come true for this fan.