Overview

• Shawn Rech has acquired key Fyre Festival intellectual property, including trademarks, to create a new music streaming service set to launch on Thanksgiving 2025.
• The platform will feature a subscription video-on-demand service priced at $3.99 per month and free ad-supported channels with user-driven music curation and artist voting.
• Billy McFarland retains ownership of the Fyre Festival itself, which has been indefinitely postponed as he searches for a new location for the event.
• The original 2017 Fyre Festival collapsed due to logistical failures, leading to McFarland's fraud conviction and a six-year prison sentence, of which he served less than four years.
• Rech aims to leverage the infamy of the Fyre name to build a lasting music discovery platform, distancing it from the failed festival's reputation.