Kanye West is said to have suffered a considerable financial loss as a result of canceling his two-weekend appearance at Coachella 2022 just a few weeks before the festival.
According to TMZ, the Donda 2 singer lost $8 million as a result of his cancellation from the highly anticipated show.
The organizers reportedly intended to give the Chicago native $500,000 in production costs, according to the publication.
Furthermore, according to the publication, a few insiders verified West’s plan to cancel his performance engagement for quite some time, well before his social media announcement.
In contrast to other performers who spend months practicing before hitting the stage at the festival, the 44-year-old is said to have never participated in rehearsals for the concert.
Furthermore, organizers are considering The Weeknd and Swedish House Mafia to take West’s position as the show’s headliner.
“The Weeknd will be paid what Kanye was expected to earn for his participation,” The Sun reported.