Billy McFarland, the fraudster who brought you Fyre festivals, has sold the rights to the brand ebay for $ 245,300. We do not yet know who the buyer is or what they intend to do with such a cursed IP.
The Fyre Festival was a completely disaster. What is supposed to be a luxury music festival ended up to visitors on an island in the Bahamas. Instead of rich villas and gourmet meals, the festival’s clientele, which included rich millennial influence, took fine scenes and unknown Cheese sandwich.
McFarland was later convicted of financial crimes for his role in the festival, serving about three and a half years before he was released in 2022, but McFarland did not seem to have learned his lesson. Tried to organize a second Fyre festival, which had to be held this summer in Mexico tickets ranging between $ 1,400 and $ 1.1 million.
The second fyre festival never happened. Playa del Carmen, the Mexican city where McFarland said the festival would take place, claimed that there was no Any file of planning for the event, which had no permission. Mcfarland refused that, but announced A few weeks later that it will sell the Fyre Festival brand.
“Since 2017, Fyre dominated titles, documentaries and conversations as one of the most discussed music festivals in the world”, McFarland I wroteWe do not mention that the festival has paid so much attention due to its colossal failure. “There is a clear course for operators and businessmen with strong field know -how for the construction of Fyre in a global power in entertainment, media, fashion, CPG and much more.”
Ebay auction says that part of the proceeds from the sale will go toward recovery – but McFarland owes $ 26 millionSo this sale of $ 245,300 will not have a big effect.
