The staggering cost of canceling the Olympics and other major events

This year the world’s biggest live music event was due to host 41 countries for a night of flamboyant pop frivolity. The live event set to take place in Rotterdam in the Netherlands was canceled, replaced by a virtual event instead, and the Dutch plan to re-host the event next year. Holding the Eurovision Song Contest for two years straight may seem like fun, but it's set to pack quite the financial punch...