Festival founder Billy McFarland was released from prison in 2022 after serving four years for fraud following the disastrous first Fyre Fest in 2017.
Fyre festival co-founder Billy McFarland (Source: Supplied/Netflix)
Fyre Fest will make its return in 2025 after a disastrous first outing in 2017.
Due to take place from Friday, 30 May, to Monday, 2 June, in Isla Mujeres, Mexico, tickets to the four-day festival are on sale now, with prices ranging from $1,400 to $1.1 million.
This time, festival founder Billy McFarland has teamed up with premier live event producer with over two decades of experience, Lostnights, while SoldOut.com and FriendlySky will provide ticket and hospitality packages to patrons.
Fyre 2 is set to be an intimate affair, with room for just 2,000 ticketholders.
McFarland, who was released from prison after serving four years for fraud (he was initially sentenced to six years but was released early on good behaviour), made a statement about the festival’s return.
“I’m sure many people think I’m crazy for doing this again,” he wrote, per the Fyre Festival Instagram account. “But I feel I’d be crazy not to do it again. After years of reflection and now thoughtful planning, the new team and I have amazing plans for Fyre 2.
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“The adventure seekers who trust the vision and take the leap will help make history. Thank you to my partners for the second chance.”
In a new interview with Today, McFarland revealed that he still owes $26 million in restitution for the first Fyre Festival. Ten per cent of profits from the upcoming event will go toward that.
In case you missed the news about Fyre Fest (and the subsequent Netflix documentary), the event saw attendees pay up to $US12,000 for the Bahamas-based music festival where they were promised a luxury weekend but instead arrived at Exuma to find that the festival site had not been completely built.
Headliners such as blink-182 and Major Lazer were confirmed on the Fyre Fest bill. However, the event was called off on the first day after its acts pulled out following the news.
McFarland went to prison in 2018 after pleading guilty to two counts of wire fraud. He was released in March 2022 after he was accused of presenting investors with fake documents that convinced some to contribute more than US$1 million.
McFarland also reportedly budgeted for a $US160,000 yacht for blink-182 (who eventually pulled out of the gig due to concerns about the festival) but did not budget for the festival punters.