Almost 2 years after the diabolical events of Fyre Festival, it still infamously remains the topic of discussion. To say the least, it left many high and dry, and people are hustling to deal with the repercussions. With creditors now knocking on doors to reclaim what they can, major booking agencies are now being subpoenaed to reconstruct the cash flow.
It obviously wasn’t going to be the end when organizer Billy McFarland was convicted of financial fraud. All the money went somewhere, and people are still on the hunt for it. Having approval from the U.S. Bankruptcy Court, Paradigm Talent Agency, Creative Artists Agency (CAA) and ICM Partners, can soon expect their subpoenas to be served. As estimated by the court-appointed bankruptcy trustee, Gregory Messer, approximately $1.4 million in wires were sent to these agencies to secure performances from artists— and they want it back.
Scraping for leftovers, Messer intends to retrace these wires, back to performers who never stepped foot on stage. CAA and ICM, according to files, received $250,000 in payments to secure Blink 182, Rae Sremmurd, Migos, and Lil Yachty. Alternatively, Paradigm received close to $690,000 for acts like Major Lazer, Disclosure, and more. While the logistics behind each contract remains in confidence, some unfortunate performers may have to fight for their keep.
As even Netflix and Hulu are cashing in on this disastrous event, causing quite a stir with their own battle, Fyre Festival continues to be the talk of the town. It is a prime example of how not to run a festival, but job well done in making history.
