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Billy McFarland Puts Fyre Festival Brand Up for Sale After Postponement

Following indefinite delays and logistical failures, McFarland steps back, citing a need for new leadership to realize the festival's potential.

Billy McFarland visits "Jesse Watters Primetime" at Fox News Studios on August 25, 2023 in New York City.
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Billy McFarland leaves Manhattan Federal Court in New York, on July 1, 2017.
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Overview

  • Billy McFarland has announced the sale of the Fyre Festival brand, including its trademarks, intellectual property, and digital assets.
  • Fyre Festival 2 has been indefinitely postponed, with refunds issued to ticket buyers after venue disputes in Mexico derailed plans.
  • McFarland stated that several Caribbean destinations have expressed interest in hosting the festival, though no location or date has been finalized.
  • The founder emphasized that stepping back and transferring control to a new team is essential for the festival's future success.
  • The original Fyre Festival in 2017 became infamous for its disastrous execution, leading to McFarland's conviction for fraud and a six-year prison sentence, of which he served four years.