Billy McFarland Is Selling the Fyre Festival Brand After Postponing Event. But You Can Still Buy Merch!
On Wednesday, April 23, the founder of the controversial Fyre Fest founder revealed that he is selling the brand that made him infamous. McFarland, 33, posted a lengthy statement on Instagram detailing his plan.
"When my team and I launched FYRE Festival 2, it was about two things: finishing what I started and making things right," he began. McFarland said he and his team spent the last two years bringing back Fyre Fest "with honesty, transparency, relentless effort, and creativity" and had taken "the long road to rebuilding trust."
McFarland acknowledges the attention that Fyre Fest had since its inception almost 10 years ago, and said that the brand became too large for him to lead on his own. "We have decided the best way to accomplish our goals is to sell the FYRE Festival brand, including its trademarks, IP, digital assets, media reach, and cultural capital," he wrote.
Related: Donald Trump's Campaign Asked Disgraced Fyre Fest Founder Billy McFarland for Help Wooing Rappers: Report
McFarland also mentioned that when planning Fyre Fest 2, he was approached by "several Caribbean destinations eager to host" but the attention it received became a double-edged sword.
"While I'm incredibly excited, I can't risk a repeat of what happened in Playa Del Carmen, where support quickly turned into public distancing once media attention intensified," he said. "For FYRE Festival 2 to succeed, it's clear that I need to step back and allow a new team to move forward independently, bringing the vision to life on this incredible island."
The disgraced businessman concluded that relinquishing control to a new group is the best way for the Fyre Fest brand to move forward. "To the supporters, believers, and builders who've stuck with my team and me: thank you."
Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories.
"We will pick the new group based on their ability to execute the vision of FYRE in a transparent, grand, and expeditious manner. The next chapter of FYRE will be bigger, better, and built to last without me at the helm."
The week before this announcement, Fyre Fest posted that the event was "postponed and will be rescheduled for a later date in the future" with no new location noted. Those planning to attend the festival were issued a refund.
Fyre Fest 2 was originally slated to take place on Isla Mujeres from May 30 to June 2. Tickets for the event ranged from $1,400 to $1.1 million, McFarland announced.
Related: Music Festivals 2025: Performers, Dates, Locations and Everything You Need to Know
However, the Isla Mujeres Tourism Board released a statement claiming that Fyre Fest 2 "does not exist." "We have no knowledge of this event, nor contact with any person or company about it. For us, this is an event that does not exist," they said.
The original Fyre Fest took place in 2017, touting famous influencers and musicians as part of the lineup. The festival promised a luxurious experience and guests were greeted with underwhelming accommodations and chaos.
McFarland was found guilty of two counts of wire fraud in relation to the festival the following year and served four years in prison.
In the meantime, fans can purchase Fyre Fest merch while it's still available.
Read the original article on People
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Stocks Soar Before the Open on Upbeat Meta and Microsoft Results, U.S. PCE Inflation Data and More Big Tech Earnings on Tap
September S&P 500 E-Mini futures (ESU25) are up +0.97%, and September Nasdaq 100 E-Mini futures (NQU25) are up +1.30% this morning as forecast-beating quarterly results from Meta and Microsoft boosted sentiment. Meta Platforms (META) surged over +11% in pre-market trading after the maker of Facebook and Instagram posted upbeat Q2 results and issued strong Q3 revenue guidance. Also, Microsoft (MSFT) climbed more than +8% in pre-market trading after the technology behemoth reported stronger-than-expected FQ4 results and provided an upbeat FQ1 revenue growth forecast for the Azure cloud unit. In addition, both companies vowed to spend heavily on artificial intelligence. More News from Barchart Morgan Stanley Says Nvidia Has 'Exceptional' Strength. Should You Buy NVDA Stock Here? This Dividend Stock Yields 4.5% But Is Down 21% in 2025: Time to Buy? 2 Growth Stocks Wall Street Predicts Will Soar 74% to 159% Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. On the trade front, U.S. President Donald Trump said on Wednesday he reached an agreement with South Korea that would set a 15% tariff on its exports to the U.S. and include a commitment from Seoul to invest $350 billion in the U.S. Also, President Trump said he would impose a 25% tariff on India's exports to the U.S. beginning Friday and threatened a further penalty related to the country's energy imports from Russia. In addition, U.S. Commerce Secretary Howard Lutnick said on Wednesday that the U.S. reached trade agreements with Cambodia and Thailand. Investors now await the release of the Federal Reserve's first-line inflation gauge and earnings reports from 'Magnificent Seven' companies Apple and Amazon. As widely expected, the Federal Reserve left interest rates unchanged yesterday. The Federal Open Market Committee voted 9-2 to keep the federal funds rate in a range of 4.25%-4.50%. Governors Christopher Waller and Michelle Bowman voted against the decision, favoring a quarter-point rate cut instead. In a post-meeting statement, officials lowered their assessment of the U.S. economy, saying that 'although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year.' The Fed had earlier described growth as expanding 'at a solid pace.' At a press conference, Fed Chair Jerome Powell said that the slowdown in growth highlighted in the Fed's statement 'largely reflects a slowdown in consumer spending.' However, Mr. Powell refrained from signaling that a rate cut is likely in September. 'It seems to me, and to almost the whole committee, that the economy is not performing as though a restrictive policy is holding it back inappropriately,' he said, adding, 'We have made no decisions about September.' 'The next two months of data will be pivotal, and we see a path to a resumption of the Fed's easing cycle in the autumn should tariff inflation prove more modest than expected or the labor market show signs of weakness,' said Ashish Shah at Goldman Sachs Asset Management. In yesterday's trading session, Wall Street's three main equity benchmarks closed mixed. IDEX Corp. (IEX) plunged over -11% and was the top percentage loser on the S&P 500 after the company cut its full-year adjusted EPS guidance. Also, Old Dominion Freight Line (ODFL) slumped more than -9% and was the top percentage loser on the Nasdaq 100 after the company posted downbeat Q2 results. In addition, Seagate Technology (STX) slid over -3% after the data storage company issued soft FQ1 guidance. On the bullish side, Teradyne (TER) surged more than +18% after the maker of testing equipment for semiconductors and robotics posted better-than-expected Q2 adjusted EPS. The U.S. Bureau of Economic Analysis, in its initial estimate of Q2 GDP growth, said on Wednesday that the economy grew at a +3.0% annualized rate, stronger than expectations of +2.5%. Also, the U.S. ADP employment change rose by 104K in July, stronger than expectations of 77K. At the same time, U.S. June pending home sales unexpectedly fell -0.8% m/m, weaker than expectations of +0.2% m/m. 'The significant beat in Q2 GDP is just a rebound from the drop in Q1. Don't get me wrong, these GDP data are great, just not that great. The economy remains resilient and growing, and that's the most important takeaway from this report,' said Jamie Cox at Harris Financial Group. Meanwhile, U.S. rate futures have priced in a 59.0% chance of no rate change and a 41.0% chance of a 25 basis point rate cut at the next central bank meeting in September. Second-quarter corporate earnings season rolls on, and market participants await reports today from high-profile companies such as Apple (AAPL), (AMZN), Mastercard (MA), AbbVie (ABBV), and KLA Corp. (KLAC). According to Bloomberg Intelligence, companies in the S&P 500 are expected to post an average +4.5% increase in quarterly earnings for Q2 compared to the previous year, exceeding the pre-season estimate of +2.8%. On the economic data front, all eyes are focused on the U.S. core personal consumption expenditures price index, the Fed's preferred price gauge, which is set to be released in a couple of hours. Economists, on average, forecast that the core PCE price index will stand at +0.3% m/m and +2.7% y/y in June, compared to the previous figures of +0.2% m/m and +2.7% y/y. U.S. Personal Spending and Personal Income data will also be closely monitored today. Economists anticipate June Personal Spending to rise +0.4% m/m and Personal Income to grow +0.2% m/m, compared to the May figures of -0.1% m/m and -0.4% m/m, respectively. The U.S. Employment Cost Index will be reported today. Economists expect this figure to come in at +0.8% q/q in the second quarter, compared to +0.9% q/q in the first quarter. The U.S. Chicago PMI will come in today. Economists forecast the July figure at 41.9, compared to the previous value of 40.4. U.S. Initial Jobless Claims data will be released today as well. Economists expect this figure to be 222K, compared to last week's number of 217K. In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.358%, down -0.43%. The Euro Stoxx 50 Index is down -0.30% this morning as investors digest a flurry of corporate earnings reports and economic data from the region, as well as the latest tariff headlines. Mining stocks led the declines on Thursday after U.S. President Donald Trump surprised the metals market by exempting the most commonly traded forms of copper from his 50% tariffs. At the same time, defense and bank stocks gained ground. Data from Eurostat released on Thursday showed that the Eurozone unemployment rate remained at historic lows in June, offering further evidence that the bloc remains resilient to the effects of the global trade war. Separately, data showed that the number of people unemployed in Germany rose by much less than expected in July, even as the labor market remains firmly under pressure from a weak economy. In addition, preliminary data showed that inflation held steady in France and Italy in July, likely prompting the European Central Bank to remain cautious about any further interest rate cuts. Investors now await preliminary inflation data from Germany due later in the session. In corporate news, Shell Plc ( rose over +1% after the company posted better-than-expected Q2 net profit and kept the pace of its buybacks steady. Also, Rolls-Royce Holdings Plc ( climbed more than +9% after boosting its full-year guidance for operating profit and free cash flow. In addition, Societe Generale ( gained over +5% after the lender raised its full-year profit target. France's CPI (preliminary), Germany's Unemployment Change, Germany's Unemployment Rate, Italy's CPI (preliminary), and Eurozone's Unemployment Rate were released today. The French July CPI rose +0.2% m/m and +1.0% y/y, compared to expectations of +0.3% m/m and +1.0% y/y. The German July Unemployment Change stood at 2K, stronger than expectations of 15K. The German July Unemployment Rate was 6.3%, stronger than expectations of 6.4%. The Italian July CPI rose +0.4% m/m and +1.7% y/y, stronger than expectations of +0.1% m/m and +1.5% y/y. The Eurozone June Unemployment Rate was 6.2%, stronger than expectations of 6.3%. Asian stock markets today closed mixed. China's Shanghai Composite Index (SHCOMP) closed down -1.18%, and Japan's Nikkei 225 Stock Index (NIK) closed up +1.02%. China's Shanghai Composite Index closed lower today as the absence of stimulus signals from the Politburo meeting and weak PMI data from the country dampened sentiment. Real estate and commodity-related stocks led the declines on Thursday. Data from the National Bureau of Statistics released on Thursday showed that China's gauges of factory, services, and construction activity softened in July, pointing to a potential economic slowdown following solid growth in the first half of the year. China's manufacturing activity contracted for a fourth consecutive month in July as both domestic and overseas demand weakened. The weak data came just a day after Chinese leaders at the much-anticipated Politburo meeting signaled they would hold off on introducing major stimulus for now, as authorities shift their focus to tackling excess capacity in the economy. China's top policymaking body vowed on Wednesday to more effectively implement existing pro-growth measures, according to a readout by state-run Xinhua News Agency. Authorities will tackle excessive competition among enterprises and promote the regulation of overcapacity in major industries, while also tightening oversight of local government investment-attraction practices, according to the readout. Investor focus is now on whether the U.S.-China tariff truce will be extended after U.S. and Chinese officials wrapped up their latest round of trade talks in Stockholm earlier this week, with U.S. President Donald Trump set to make the final decision. In corporate news, fell about -3% in Hong Kong after it agreed to acquire Germany's Ceconomy for 2.2 billion euros ($2.5 billion). The Chinese July Manufacturing PMI stood at 49.3, weaker than expectations of 49.7. The Chinese July Non-Manufacturing PMI came in at 50.1, weaker than expectations of 50.3. Japan's Nikkei 225 Stock Index closed higher today, tracking gains in U.S. stock futures following upbeat quarterly results from tech giants Microsoft and Meta. Technology stocks led the gains on Thursday. Bank and industrial stocks were also among the biggest gainers. The benchmark index held onto gains after the Bank of Japan kept its benchmark rate unchanged and lifted its price outlook more than expected, signaling it may be closer to its next rate hike, while keeping options open by cautioning it is still evaluating the effects of U.S. President Donald Trump's tariffs. The BOJ maintained the overnight call rate at 0.5% at the end of a two-day policy meeting in a unanimous vote. The bank's policy board raised its median inflation forecast for the current fiscal year to 2.7% from 2.2% in its quarterly economic outlook report, citing continued increases in food prices. The BOJ reiterated that it will continue to tighten monetary policy if the economy and inflation develop in accordance with its forecasts. Governor Kazuo Ueda at a press conference did not provide any strong hint on when the next rate hike might occur. Government data released earlier Thursday indicated Japanese businesses remain resilient despite tariff concerns, as industrial production unexpectedly rebounded in June from the prior month, and firms anticipate further recovery in July and August. Separate data showed that retail sales rose more than expected in June, indicating that consumer demand has stayed strong despite inflation. In other news, foreign investors purchased a net 743.3 billion yen worth of Japanese stocks in the week through July 26th, marking the largest weekly cross-border inflow since May 3rd, fueled by optimism surrounding a long-awaited trade deal with the U.S. In corporate news, Kyocera surged over +9% after the company posted better-than-expected Q1 operating profit. The Nikkei Volatility Index, which takes into account the implied volatility of Nikkei 225 options, closed down -2.56% to 22.45. The Japanese June Industrial Production (preliminary) unexpectedly rose +1.7% m/m, stronger than expectations of -0.7% m/m. The Japanese June Retail Sales rose +2.0% y/y, stronger than expectations of +1.8% y/y. The Japanese July Household Confidence came in at 33.7, weaker than expectations of 35.1. Pre-Market U.S. Stock Movers Meta Platforms (META) surged over +11% in pre-market trading after the maker of Facebook and Instagram posted upbeat Q2 results and issued strong Q3 revenue guidance. Microsoft (MSFT) climbed more than +8% in pre-market trading after the technology behemoth reported stronger-than-expected FQ4 results and provided an upbeat FQ1 revenue growth forecast for the Azure cloud unit. CVS Health (CVS) rose over +7% in pre-market trading after the pharmacy and healthcare giant reported better-than-expected Q2 results and raised its full-year adjusted EPS guidance. Arm Holdings (ARM) fell more than -6% in pre-market trading after the chip designer provided soft FQ2 EPS guidance. Qualcomm (QCOM) slumped over -5% in pre-market trading after the chipmaker reported weaker-than-expected FQ3 handsets and automotive-sector revenue. You can see more pre-market stock movers here Today's U.S. Earnings Spotlight: Thursday - July 31st Apple (AAPL), (AMZN), Mastercard (MA), AbbVie (ABBV), S&P Global (SPGI), Stryker (SYK), KKR & Co (KKR), Comcast (CMCSA), KLA Corp (KLAC), MicroStrategy (MSTR), ICE (ICE), Southern (SO), Coinbase Global (COIN), Bristol-Myers Squibb (BMY), Roblox (RBLX), Cigna (CI), CVS Health Corp (CVS), Howmet (HWM), Arthur J Gallagher (AJG), Cloudflare (NET), Air Products (APD), Quanta Services (PWR), TC Energy (TRP), Exelon (EXC), Alnylam (ALNY), Xcel Energy (XEL), Ametek (AME), ResMed (RMD), Ambev SA (ABEV), Vulcan Materials (VMC), Monolithic (MPWR), Ingersoll Rand (IR), Cameco (CCJ), Blue Owl Capital (OWL), Xylem (XYL), LPL Financial (LPLA), Rocket (RKT), PG E (PCG), Willis Towers Watson (WTW), International Paper (IP), Kellanova (K), Cenovus Energy Inc (CVE), Ameren (AEE), PPL (PPL), Reddit (RDDT), Mettler-Toledo (MTD), Eversource Energy (ES), CMS Energy (CMS), Edison (EIX), First Solar (FSLR), Natera Inc (NTRA), Biogen (BIIB), Illumina (ILMN), Ryan Specialty Group Holdings (RYAN), XPO (XPO), Clorox (CLX), AMH 4 Rent (AMH), Kimco Realty (KIM), MasTec (MTZ), Aptiv (APTV), Brookfield Infrastructure Partners (BIP), Baxter (BAX), Builders FirstSource (BLDR), Api Group Corp (APG), Masco (MAS), Carpenter Technology (CRS), Roku (ROKU), ATI Inc (ATI), Reinsurance of America (RGA), ITT (ITT), Lincoln Electrics (LECO), Camden Property (CPT), Omega Healthcare (OHI), Procore Technologies (PCOR), WESCO (WCC), Norwegian Cruise Line (NCLH), Essential Utilities (WTRG), AptarGroup (ATR), DT Midstream (DTM), Huntington Ingalls Industries (HII), CubeSmart (CUBE), Appfolio Inc (APPF), Paramount Global (PARA), Cullen/Frost Bankers (CFR), Eastman Chemical (EMN), Floor & Decor (FND), Bloom Energy (BE), HF Sinclair (DINO), SPX Corp (SPXC), Agree Realty (ADC), AGCO (AGCO), Gildan Activewear (GIL), Sirius XM (SIRI), BorgWarner (BWA), Colliers International (CIGI), Corcept (CORT), Dolby Labs (DLB), Universal Display (OLED), Casella (CWST), Janus Henderson (JHG), Bio-Rad Labs (BIO), Kirby (KEX), Arrow Electronics (ARW), Pharming Group (PHAR), Fortune Brands (FBIN), IDACORP (IDA), CCC Intelligent Solutions Holdings (CCCS), InterDigital (IDCC), Bright Horizons (BFAM), Itron (ITRI), Allegro (ALGM), TAL Education (TAL), KBR (KBR), Affiliated Managers (AMG), Shake Shack Inc (SHAK), Vontier (VNT), Lincoln National (LNC), Credit Acceptance (CACC), Healthcare RT (HR), WillScot (WSC), Boot Barn Holdings (BOOT), Belden (BDC), Teleflex (TFX), Millrose Properties (MRP). On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
24 minutes ago
- Yahoo
'Sex and the City' spinoff 'And Just Like That' to end with Season 3 just like that
"And Just Like That" is over, just like that. Michael Patrick King – an executive producer of the "Sex and the City" spinoff, which airs on HBO Max – revealed the show will abruptly end at the end of the current season, in a note posted to the show's social media pages Aug. 1. "And just like that... the ongoing storytelling of the 'Sex And The City' universe is coming to an end," King wrote. "While I was writing the last episode of 'And Just Like That...' season 3, it became clear to me that this might be a wonderful place to stop." He said that he and franchise star Sarah Jessica Parker "held off announcing the news until now because we didn't want the word 'final' to overshadow the fun of watching the season." King said, "It's with great gratitude we thank all the viewers who have let these characters into their homes and their hearts over these many years." 'And Just Like That' Season 3: Date, time, how to watch new episodes The "SATC" revival premiered on HBO Max in late 2021, featuring three out of the four original stars, minus Kim Cattrall's promiscuous Samantha Jones. However, the fan favorite Manhattanite made an offscreen appearance through a text conversation with Parker's lead character, Carrie Bradshaw. In the spinoff, Miranda Hobbes (Cynthia Nixon) and Charlotte York (Kristin Davis) were back on the New York City streets and fans' TV screens. 'And Just Like That' finale to end Season 3 The show is set to end with a two-part finale on Aug. 7 and Aug. 14 on HBO Max. Sarah Jessica Parker speaks out on 'AJLT' ending In an Instagram post after the news broke, Parker said a heartfelt goodbye to a character she's loved for nearly 30 years. "Carrie Bradshaw has dominated my professional heartbeat for 27 years. I think I have loved her most of all. I know others have loved her just as I have. Been frustrated, condemned and rooted for her," Parker wrote. "The symphony of all those emotions has been the greatest soundtrack and most consequential companion. Therefore the most sentimental and profound gratitude and lifetime of debt. To you all." She echoed King's earlier message, writing,"MPK and I together recognized, as we have in the past, this chapter complete." "AJLT was all joy, adventure, the greatest kind of hard work alongside the most extraordinary talent of 380 that includes all the brilliant actors who joined us," Parker said. "I am better for every single day I spent with you." Davis added in her own Instagram post: "I am profoundly sad. I love our whole beautiful cast and crew. 400 artisans working so hard on our show with deep love. And to our loyal fans, we love you forever and ever." Despite a loyal following of "SATC" fans and new viewers, the show has drawn criticism for its confusing plotlines and character development since Season 1. Contributing: Anthony Robledo This article originally appeared on USA TODAY: 'And Just Like That' Season 3 marks end of 'SATC' spinoff show
Yahoo
33 minutes ago
- Yahoo
'Excited & Honored' - Dallas Cowboys Cheerleader Celebrates Milestone
'Excited & Honored' - Dallas Cowboys Cheerleader Celebrates Milestone originally appeared on The Spun. When the Dallas Cowboys play their first home game at AT&T Stadium this season, there'll be plenty of eyes on their cheerleading squad. It was recently announced that every member of "America's Sweethearts" will receive a 400 percent pay increase this season. Just for reference, former Cowboys cheerleader Jada McLean said she made $15 per hour and $500 for each appearance last season. One cheerleader who'll benefit from this raise is Anna Kate Sundvold. She officially joined "America's Sweethearts" in 2023, making her the second member of her family to represent the franchise. "I grew up always feeling that I was in her shadow, so I decided to go to a different college than she did to make my own path," Anna Kate said. "However, choosing a school about 45 minutes away from Dallas, I was able to see the love Caroline had for this organization and all the girls within. Each girl is so driven in life, and I knew I wanted to surround my years following college with a group of people like them and continue doing what I love most." Prior to becoming a cheerleader for the Cowboys, she was on TCU's dance team. Although the 2025 season is still over a month away, Anna Kate has reason to celebrate this weekend. On Friday night, Anna Kate announced that she'll once again represent the Cowboys this fall. It'll mark her third season in Dallas. "Year 3," she wrote for her Instagram caption. "Forever grateful for these girls and this team! Excited and honored to take on another year." Countless members of the Cowboys' cheerleading squad had kind things to say about Anna Kate. "Cannot wait to dance next to you all year long! Love you so much," Kayla Hayes wrote. "Love you," rookie cheerleader Morgan Perschy commented. "So excited for this year together." The Cowboys will host the New York Giants in their home opener on Sept. 14.'Excited & Honored' - Dallas Cowboys Cheerleader Celebrates Milestone first appeared on The Spun on Jul 26, 2025 This story was originally reported by The Spun on Jul 26, 2025, where it first appeared.
