Kanye West 'lost $8.5M' from cancelling Coachella

KANYE West "lost $8.5 Million" after walking away from his Coachella performance.

The rapper talked about pulling out of the performance in a Twitter rant.

Kanye's decision to pull out of the performance cost him dearly, according to TMZ.

The outlet revealed on Wednesday that the Chicago native lost $8 million for bailing on his two-weekend headlining gig.

Sourced told the outlet that Coachella also planned to pay $500,000 in production costs.

Additionally, insiders with knowledge of the situation say it appears Kanye got the idea to bail on his concert commitment long before his social media declaration.

Sources told the outlet that Kanye appears to have been ready to walk away for quite some time.

He reportedly had never seriously rehearsed, which other artists spend months doing before they take the stage at the performance.

Organizers have since figured it out, filling the headliner position with The Weeknd and Swedish House Mafia.

Although The Weeknd is booked to perform, he's also got a very specific list of demands according to Page Six.