The disaster that was Fyre Festival, is still talked about 3 years after its supposed first edition was set to take place in the scenic Bahamas.
The “immersive festival” that was supposed to be hosted over two “transformative” weekends began to turn into a nightmare for attendees as they began arriving at the private island once owned by Pablo Escobar in the Exumas.
While the festival had promised the best in food, art, music, and adventure, all they delivered was the recipe for a disaster. The havoc causing and the mismanaged festival went down in the books and even had multiple documentaries that were produced about the epic fail that it ended up being.
As expected, the festival was slapped with all sorts of lawsuits from all angles. Years down the line, they seem to have settled some of that. As reported by Billboard, Fyre Media, the company owned by Billy MacFarland is bankrupt to the tune of $26 Million. Announcing a settlement with a few of the artists set to play at the disastrous festival, $460,000 from the total of $2.8 Million paid to Major Lazer, Blink-182, Tyga, Pusha T, and more, have been recovered.
Gregory Messer who is the trustee overlooking the bankruptcy and has been attempting to find ways to recover the large sums of money. Back in December 2019, Messer filed 14 lawsuits in an effort to recover money from artists and personalities who were either hired to promote or play the event and didn’t end up coming through for very obvious reasons towards the end.
Artists and their agencies were paid varied sums and returned small parts of them as a result of the settlement. Creative Artist Agency (CAA) had received a total sum of $585,000 from Fyre Festival, for their artists Blink 182. They’ve returned $135,000 of that back in total. Paradigm artists, including Major Lazer and Disclosure, received $1.5 million from Fyre Festival and have returned $225,000 of that. Nue Agency was paid a total of $730,000 and they’ve settled by returning a total of $100,000 from Pusha T, Tyga, and Desiigner.
With Billy MacFarland in jail for wire fraud and his festival co-founder Ja Rule taking no ownership, when the shenanigans of this disastrous festival will come to an end still remains to be seen.