The mental property of Fyre Festival has been acquired to launch a brand new music streaming platform, Deadline reviews.
Capitalizing on some of the notorious manufacturers in trendy leisure, Shawn Rech, an Ohio-based media entrepreneur recognized for producing crime documentaries and launching the streaming platform TruBlu, has reportedly acquired IP linked to Fyre Pageant, together with two emblems. The deal will gas the launch of a brand new user-submitted, fan-curated music platform bearing the identical infamous model.
“Music networks are all simply programming now and I’ve no real interest in watching individuals slip on bananas,” Rech mentioned. “It has nothing to do with music. I wanted a giant title that individuals would bear in mind, even when it’s hooked up to infamy, in order that’s why I purchased these [trademarks] to begin the streaming community.”
The platform will reportedly launch on Thanksgiving Day with plans to function each a $3.99 subscription service and a free ad-supported streaming tv (FAST) channel. Subscribers will be capable of vote on which artists are featured on the FAST feed.
“This isn’t about festivals or hype—it’s about placing the facility of music discovery again within the fingers of the followers,” Rech added. “We’re constructing one thing genuine and lasting.”
Billy McFarland, the disgraced co-founder of the unique Fyre Pageant, retains possession of the occasion itself. Whereas he is not straight concerned within the streaming platform’s operations, he’s “anticipated to have a presence on the community,” per Deadline.
In the meantime, Fyre Pageant continues to be a worldwide punchline for failed luxurious music occasions after its ill-fated occasion in 2018, which devolved into chaos on the Bahamian island of Nice Exuma. McFarland, who in the end served 4 years in jail for wire fraud, was organizing a sequel this yr in Playa del Carmen earlier than suspending the occasion indefinitely amid contentious disputes with Mexican authorities.
The organizers of Fyre Pageant 2 insist the occasion “continues to be on” and are presently “vetting new places.” They haven’t introduced new dates or a location on the time of this writing.
