People in the music industry are speculating that Kanye West was put on a psychiatric hold to recoup insurance money for the millions he would lose by backing out of his “Saint Pablo” Tour.
“He had just canceled for no reason, no injury, no force majeure, so they were going to lose a bunch of money,” said a music insider. “Kanye is crazy, but not crazy enough to not get his insurance money. [He] knows what he is doing.”
According to TMZ, West’s carrier will pay him and the people he owes in the event that “accident or illness . . . prevents any Insured Person from appearing or continuing to appear.”
But the off-the-wall rapper may have issues collecting. “They don’t pay out easily for this kind of thing with this kind of price tag,” said our source.
I would think they would want to do an intense investigation and that this will be a disputed claim. When you’re on the hook for an arena at that level on top of money for marketing, promotion, set builds, staff on the road it’s tens of millions. It’s gonna be a sticky situation.
The hospitalization could also “clean up” his brand.
“He went too far off with the rants. It was going to alienate his core fan base.
There are real business people around him, including Kris Jenner and Kim Kardashian, who want the payday. They needed to preserve the brand this way.”
A source close to Kanye denied the claims.