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The Weeknd Getting Paid $8M To Headline Coachella . . .The Same Pay As Kanye West

There has been a lot of Coachella chatter lately, as the festival quickly approaches. Music fans are expected to gather together by the tens of thousands to watch their favorite artists take to one of several Coachella stages.

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As MTO News previously reported, Kanye West has decided to sit this one out after being announced as a headliner. Reports initially stated that Kanye planned on bringing Travis Scott with him.

But after Kanye bowed out, Coachella announced that Swedish House Mafia and The Weeknd would be taking his place.

Now the NY Post's Page Six is reporting that Kanye walked away from an $8 million payday with Coachella, and the outlet returned to add that The Weeknd told festival producers that he wanted that check if they wanted him to perform.

Page Six suggested that although Coachella announced The Weeknd's participation, the deal hadn't truly yet been finalized. Their "source" revealed, “The Weeknd came in at short notice to take Kanye’s top spot. But Phil Anschutz [who owns the Coachella Festival through AEG Live] wanted to hold on to Kanye’s money and pay The Weeknd far less, just a few million. The festival would pocket the rest.”

However, it was reported that negotiations allegedly became intense. “Even after Coachella announced the new lineup on Wednesday, a deal wasn’t in place for The Weeknd, who threatened to pull out at an hour’s notice if he didn’t get the same deal as Kanye," the insider added. “Finally, on Wednesday — faced with the prospect of a second headline act pulling out of Coachella at the last minute — Anschutz’s company caved and agreed to pay The Weeknd the same money.”