Billy McFarland’s seven-figure deal to promote the Fyre Pageant model collapsed and now he’s on the lookout for a brand new purchaser.

Billy McFarland’s try to dump the Fyre Pageant crashed and burned this week after a multimillion-dollar settlement instantly unraveled, leaving the controversial entrepreneur scrambling as soon as once more.

The failed deal, reportedly price seven figures, would have transferred full possession of the Fyre identify and mental property to filmmaker Shawn Rech, who aimed to relaunch the model as a part of a music-centric streaming platform.

However on day 5 of what McFarland described as a day by day “stroll and speak” grind to salvage an settlement the deal fell aside.

“We had a seven-figure deal for the whole Fyre model and IP package deal that fell by way of this morning,” McFarland stated in a video posted to social media.

McFarland had remained quiet in current days, hoping to offer the buying firm time to announce the acquisition and permit his group to unveil what that they had been engaged on.

“I used to be staying quiet for a number of days to assist maximize the buying firm’s announcement and in addition to assist maximize the announcement of what the Fyre group has been constructing,” he stated.

The model was formally listed on the market in April 2025, following a string of issues surrounding the deliberate Fyre Pageant 2.

The Fyre Pageant 2 was initially scheduled for Might 2025 in Mexico, nevertheless it was delayed because of allow points and logistical setbacks, together with a denial from officers that the occasion was even going down.

That postponement triggered the choice to promote all the Fyre model.

If a brand new purchaser emerges, McFarland has stated he’s keen to step except for any formal position, although he’s open to consulting if requested.

The Fyre Pageant identify turned notorious after the unique 2017 occasion collapsed into chaos, leaving attendees stranded within the Bahamas with out meals, shelter or performances.

McFarland was later convicted of defrauding traders and ticket consumers out of greater than $26 million.

He was sentenced to 6 years in federal jail in October 2018 however was launched in March 2022, having served lower than 4 years.

Regardless of the model’s poisonous legacy, McFarland has continued pushing for a comeback, even teasing new ventures and partnerships. However with this newest deal falling by way of, the way forward for Fyre stays unsure.

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