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Festival
Reviewing fire offers for IP
… organizers want seven digits !!!
Published
Fyre Festival organizers are looking for the seller’s market at the festivals scene on fire … Official Fielding offers for Fyre’s IP -and looking for millions to be there.
Sources near the Festival Vertel TMZ … More than 700 offers have been submitted to organizers since they have announced that they participated in the rights last month.
Although many are lowball offers and jokes, we have been told that 86 has been legitimate … And organizers have met around 30 or 40 of those legitimate potential buyers to talk Turkey.
Our sources say that many of these strong offers come from traditional festival companies, internet media companies and entrepreneurs who try to get to the entertainment industry.
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The person who ultimately buys better, be ready to transfer a bundle of cash … because we are told that the team wants to sell behind Fyre High Seven Figures or low eight digits. There is no time schedule for the sale – but our sources say the before, the better.
As you know … part of the reason for the sale Is due to the controversy that pops up when officials in a city in Mexico claimed that festival organizers have never reached themselves, despite Fyre organizers protest.
We have been told that civil servants from Utila – an island on the coast of Honduras – and the Turks and Caicos Islands have caught in the hope of organizing Fyre Festival 2 … So the Fyre team wants to choose a company that is open to go to one of those locations.
Once sold, our sources say Billy McFarland – Fyre’s founder who, after the first festival debacle, served in prison for fraud for several years- will no longer be officially involved … Although we are told that he is open to stay open if the company buys his help in a certain capacity.
It sounds like there is any real interest in Fyre … We just have to wait and see if someone is willing to burn the necessary money.
