Billy McFarland says he has secured funding for “Fyre Fest 2.0”

today18/05/2023 15

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Fyre Festival co-creator, Billy McFarland, has announced that he has secured funding for “Fyre Fest 2.0” of the event.

Alongside this, McFarland also revealed that a Broadway musical – based on the disastrous festival – could be in the works.

Publishing a video via TikTok, the founder – who was released from prison a year ago for defrauding investors in the disgraced 2017 Fyre Festival – explains that has attained investment to run Fyre Fest 2.0.

Read this next: Bahamian government “will not approve” any Billy McFarland event in the country

He explains: “I’m announcing two things today. One, Fyre Festival 1.5 is going to be a Broadway musical. And that two, we are in talks with partners to pay back all of my restitution and execute Fyre Festival 2 according to the original vision on this incredible and beautiful island.”

Comments on McFarland’s post dub the festival’s return as “Titanic 2” with another user writing: “Imagine getting scammed for Fyre Festival twice”.

Last month, McFarland made a similar public statement on Twitter: “Fyre Festival II is finally happening. Tell me why you should be invited.”

A Twitter user replied to his post saying: “Tell me why you shouldn’t be in jail”.

McFarland wrote: “It’s in the best interest of those I owe for me to be working. People aren’t getting paid back if I sit on the couch and watch tv. and because I served my time”.

Read this next: Fyre Festival attendees may receive a fraction of the previously agreed settlement

It has now been over a year now since the entrepreneur was released from prison early having served over four years and being ordered to pay $26 million to investors after pleading guilty to two counts of wire fraud in relation to the festival scandal.

The scandal was documented by Netflix which reported that McFarland had promised a luxury festival and “culture experience of the decade” yet attendees – many of whom had paid up to $100,000 (£75,000) – found leaky FEMA tents with wet mattresses and cold cheese sandwiches billed as gourmet food.

Watch Billy McFarland’s announcement below.

Becky Buckle is Mixmag’s Multimedia Editor, follow her on Twitter

Written by: Tim Hopkins

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