Kanye West Walked Away From $8 Million By Dropping Out Of Coachella

Subsequent weekend, Coachella will maintain its first competition since 2019 after the coronavirus pandemic canceled their 2020 and 2021 iterations. Kanye West, Billie Eilish, and Harry Types had been initially introduced as headliners for the upcoming competition which can take over Indio, California throughout the weekends of April 15-17 and April 22-24. In regular occasions, Coachella could be conducting last-minute preparations to kick off the primary of their two competition weekends, however a wrench was thrown into their plans when Kanye West dropped out earlier this week. This despatched officers right into a scramble to discover a alternative, and fortunately they had been capable of lock in The Weeknd and Swedish Home Mafia as the brand new headliners.

In response to TMZ, Kanye West reportedly walked away from an $8 million payout by dropping out of Coachella. He additionally misplaced a $500,000 manufacturing price by strolling away from his headlining performances. For what it’s price, Kanye is a billionaire so lacking out on the 7-figure cost is most certainly not that large of a priority for him. Fortunately for Coachella and all attendees, the state of affairs has been fastened nevertheless it didn’t come with out some stress throughout negations. Web page Six, which internet sites a “music supply,” says that The Weeknd threatened to additionally drop out as a headliner if he didn’t obtain the identical cost as Kanye.

“The Weeknd got here in at brief discover to take Kanye’s high spot. However Phil Anschutz [who owns the Coachella Festival through AEG Live] needed to carry on to Kanye’s cash and pay The Weeknd far much less, only a few million,” the supply advised the publication. “The competition would pocket the remaining […] Even after Coachella introduced the brand new lineup on Wednesday, a deal wasn’t in place for The Weeknd, who threatened to drag out at an hour’s discover if he didn’t get the identical deal as Kanye. Lastly, on Wednesday — confronted with the prospect of a second headline act pulling out of Coachella on the final minute — Anschutz’s firm caved and agreed to pay the Weeknd the identical cash.”

Web page Six notes that one other supply advised them that Anschutz was circuitously concerned in negotiations to safe The Weeknd as a headliner.