I promise you that every single Sasquatch contract has cancellation terms written into it. I'm sure the bigger acts get nice cancellation fees but they're going to be significantly smaller than their performance fee.
Sorry Goldbeard but whatever Cbats says as far as the business side of the music scene goes for me. He's pretty much always been spot on. Fucking lawyers.
Don't get me wrong, I agree with Cbats, but I also think that they've sold enough tickets at this point to reasonably expect to lose more money by having to cancel the whole thing, than to go through with a second weekend.
I'm also assuming a lot about the costs of setting up Sasquatch.
I hate entertaining the idea of losing the 2nd weekend, but how would refunds work for the dual weekend passes? Would they give back $275? Or give back $225 and say suck it you now have purchased a single weekend pass at $325? Because that would be balls.
Regardless I still don't see it happening, but I'm on the bus and bored.
They hold onto it and put it towards your pre sale for next year.