The Wireless Festival in London is facing growing fallout after announcing Ye, formerly known as Kanye West, as the sole headliner for all three nights of the event. The backlash has already cost the festival at least two major sponsors, including Pepsi and Diageo, according to multiple reports.

Diageo, the UK-based beverage giant behind brands such as Johnnie Walker and Captain Morgan, has now confirmed it will not sponsor the 2026 festival “as it stands.” Pepsi also withdrew its support after the booking sparked criticism from politicians and the public over Ye’s antisemitic remarks and controversial history.

The festival, which is scheduled for July 10 to 12 at Finsbury Park in north London, had been promoted under the Pepsi MAX Presents Wireless banner for years. Ye’s booking, however, has shifted the conversation away from music and toward the business risks of aligning with a polarizing artist.

What makes this moment especially significant is that the fallout appears to be moving beyond brand image and into the festival’s bottom line. With sponsors stepping back and more companies reportedly reconsidering their involvement, the controversy could affect everything from activations to the overall scale of the event.

For Ye, the booking marks another reminder that his name continues to generate massive attention, but not always the kind promoters want. For Wireless, it raises a bigger question about how far festivals are willing to go in the name of star power when controversy comes with the ticket.

As the situation continues to unfold, one thing is clear: the Wireless Festival is now as much a story about sponsorship, politics, and public pressure as it is about music.