The Cost of Frank Ocean's Coachella Cancellation.

Frank Ocean's cancellation of his second Coachella performance will cost the festival several million dollars due to expenses like a custom ice pad and additional talent costs. However, the loss is unlikely to impact the overall profitability of the event, which typically grosses over $115 million in ticket sales across both weekends and makes tens of millions more in food, beverage, and hospitality. Goldenvoice, the festival promoter, is trying to offset the losses by finding new uses for the ice pad.