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Fyre Festival ticket-holders proposed payout slashed
Source: BBC
Fyre Festival ticket-holders proposed payout slashed
8 July 2021
Ticket-holders to the 2017 Fyre Festival fiasco have seen their proposed payout slashed.
They are set to receive just $281 (£204) each, according to court papers filed in New York last week.
That amount falls short of the April settlement reached in a US federal court, which concluded they could have had up to $7,220 returned each.
Lawyers have struggled to recoup money from acts and models who promoted the festival that fell apart.
Organisers of the 2017 event had promised a luxury two-weekend Bahamas getaway, with tickets costing upwards of $1,200.
The event reportedly sold about 8,000 tickets with an advertised musical line-up that boasted of top artists, luxury accommodation and gourmet dining. Some VIP packages sold for as much as $12,000.
-snip-
8 July 2021
Ticket-holders to the 2017 Fyre Festival fiasco have seen their proposed payout slashed.
They are set to receive just $281 (£204) each, according to court papers filed in New York last week.
That amount falls short of the April settlement reached in a US federal court, which concluded they could have had up to $7,220 returned each.
Lawyers have struggled to recoup money from acts and models who promoted the festival that fell apart.
Organisers of the 2017 event had promised a luxury two-weekend Bahamas getaway, with tickets costing upwards of $1,200.
The event reportedly sold about 8,000 tickets with an advertised musical line-up that boasted of top artists, luxury accommodation and gourmet dining. Some VIP packages sold for as much as $12,000.
-snip-
Read more: https://www.bbc.com/news/business-57770564