Fyre Festival Ticket Holders to Finally Receive a Payout

Fyre Festival Ticket Holders to Finally Receive a Payout

Fyre Festival Ticket Holders to Finally Receive a Payout

Nearly four years after the infamous festival, ticket holders will receive some compensation

Nearly four years after the infamous festival, ticket holders will receive some compensation

Text: Ahad Sanwari

It’s been almost four years since the infamous Fyre Festival broke the internet. Not for its incredible performances or glowing reviews, but for creating a state of chaos that left its attendees and ticket holders stranded. Now, ticket holders are finally seeing the light of day in terms of some compensation, as a settlement in a class-action lawsuit has been reached between the organizers and 277 attendees.

According to Billboard, the $2 million settlement amounts to each of the attendees receiving a payout of about $7220 from the trustee charged with Fyre’s assets. This amount could be lower, depending on Fyre’s bankruptcy case with other creditors. A hearing is set for May 13 to approve of the settlement.

“It’s a small but significant step for ticket holders who were defrauded and had their lives upended as a result of the fraudulent conduct by McFarland,” says Ben Meiselas, partner at Geragos & Geragos and lead attorney for the class-action representing the ticket holders, to Billboard, referencing Fyre founder Billy McFarland.

McFarland and rapper Ja Rule initially conceived of Fyre Festival to be a grand experience that would include immersive art and theatre events, top-notch catering, a luxurious stay, discussions with prominent figures, and performances from some of the top musical acts, including Major Lazer, Tyga, Pusha T, and Blink-182. Scheduled for two weekends in April and May 2017 on an island in the Bahamas, it was also heavily promoted on social media by influencers such as Bella Hadid and Kendall Jenner. 

What attendees were greeted with, however, were FEMA disaster relief tents as accommodation, cheese sandwiches in Styrofoam containers, no performances, and absolutely no organization. The festival was cancelled the very next day, leaving ticket holders who’d spent between $1000 and $12,000 on their packages lost. The event even spawned two documentaries (on Netflix and Hulu) and an NFT from the person who tweeted the picture of the “sad sandwich.”

McFarland was previously charged in 2018 with paying $5 million to two North Carolina ticket holders who’d purchased the VIP package for $13,000. That was the year that McFarland was sentenced to six years in prison when he pled guilty to fraud, a sentence he is currently serving.

Credits: Image credits: "Fyre Fraud" on Hulu

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