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Fyre Festival 2 Postponed (Again) Indefinitely, Ticket Holders Receive Refunds

Just two months before it was slated to begin, Fyre Festival 2 has been postponed indefinitely, according to messages sent to ticketholders.

The event, meant to be the sequel to the disastrous 2017 festival of the same name, was slated to take place in Mexico from May 30 to June 2. But according to ABC News, organizers sent a message to customers saying, “The event has been postponed and a new date will be announced. We have issued you a refund. Once the new date is announced, at that time, you can repurchase if it works for your schedule.”

Fyre Festival is the brainchild of Billy McFarland, who spent nearly four years in prison after being convicted of wire fraud for defrauding investors out of $27.4 million with the first Fyre Festival.

The second iteration of the event was already off to a rocky start after tickets went on sale in February, when the Isla Mujeres government said that no permits had been approved for the fest. 

McFarland has been trying to get Fyre 2 underway since he got out of prison. The second iteration was vaguely announced in April 2023, with claims that pre-sale tickets were sold out. At some point, he also said there was going to be a Fyre Festival Broadway musical. There was also that failed attempt to raise money for the festival via crypto.

Tickets to Fyre Festival 2 were priced starting at $1,400 for general admission. Those looking to up the ante were offered VIP access for $5,000, artist access for a substantial $25,000, and a “Prometheus God of Fyre” package at a staggering $1.1 million. The latter option, which the festival site claims is sold out, was intended for eight people with amenities including a four-stateroom yacht and 24/7 private chauffeur service. 

McFarland has yet to post about the new update as of this writing. His last post on X was from early April, when he posted receipts of the festival’s partnership with the Playa Del Carmen government.

According to a report from NPR, McFarland still owes about $26 million in restitution to investors and ticket buyers from the original festival.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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