My point exactly is that- Hangout at this point of their infancy does not have the coin to bang out a 10 million $ + headliner. Big names would have to settle for smaller paydays, and that is not happening. But to answer someone else- Tom Petty is still a possibility.
Wtf? 10M?!!! I think you have a misunderstanding of what festivals pay artists. By a lot. I heard Eminem got 2M? (Somewhere but to be fair it was not a confirmed number) my point is, if it only costs 2M to get Eminem to come out of retirement, that's about the going rate for a tip tier headliner. 3 maybe for Macca or the Stones, but not NEARLY 10. Lets say the stones sell out a 20,000 person arena at an average ticket price of 250, that's only 5 million. Then they have to pay the arena, ticket bastard, insurance, the city (permitting) cops, etc. They probably make 3M at most for a show like that. At A festival it's no fuss, no muss. You show up and play and collect your money.
10M is insane.
Also, Hangout has something that other festivals don't for artists. It's on a beautiful beach in a comfy condo that's certainly included. There's a reason Paul Simon played it. There's a reason they were able to pull in RHCP (who were certainly pricey) and DMB (not cheap either). I bet artists take a little less to play that festival (purely speculation on my part with no foundation only a feeling) because of the perks that Hangout gives them. If I was a musical artist, I'd give a discount to play that one for sure.