Fyre Festival 2's commencement on May 30 is increasingly uncertain as Billy McFarland steps back from the festival business, announcing plans to sell the brand and its assets. The festival faced challenges when Playa del Carmen denied it would host the event, prompting McFarland to seek a new location. He has also sold some intellectual property rights to Shawn Rech, who is interested in transforming Fyre into a music streaming platform. The future of the failed festival now hinges on new buyers who can fulfill McFarland's vision.
Billy McFarland announced he is stepping away from Fyre Festival 2, planning to sell the brand and its assets to a suitable buyer.
While the city of Playa del Carmen, Mexico, denied involvement, McFarland stated that new dates for Fyre Festival 2 depend on the location.
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