Overview

• Billy McFarland has officially announced the sale of the Fyre Festival brand, including its trademarks, intellectual property, and digital assets.
• Fyre Festival 2, initially planned for May 30–June 2, 2025, in Mexico, has been indefinitely postponed after local governments denied permits and distanced themselves from the event.
• Ticketing company SoldOut.com has begun issuing refunds to customers who purchased tickets for the postponed event, which were priced between $1,400 and $1.1 million.
• McFarland stated that transferring the brand to a new team is the most responsible way to achieve its vision, while he focuses on restitution obligations stemming from the 2017 festival disaster.
• The Fyre Festival name continues to attract global attention as a cultural phenomenon, despite its history of logistical failures and fraud controversies.