fyre festival is going well

"we're gonna be legends"? ... "we're gonna be fucking bankrupt", more like.

didn't realize "Cool Papa Bell" was a Paul Simon song and thought he was just randomly shouting out a Negro League baseball player in that email

Ha, same here! That bewildered me.

Paul Simon To Headline FYRE Festival '18, To Be Held In El Chapo's Tunnels

performing "Songs from the Capeman" in its entirety!

christ on a cross just pull a royalty-free stock track and ship it

Fyre Festival saw Vynl's rollout and thought "challenge accepted"

let's just do it and be legends of zelda, man

The idea that some key signatures are more consonant than others was the biggest standout there for me.

"pickety third" though

Subtly pickety at that, and without ending on I.

christ on a cross just pull a royalty-free stock track and ship it

P sure this is what they did in the end.

Some the parody musical requirements (and maybe some of the "real" ones) reminded me of http://spaceteam.ca/

The idea that some key signatures are more consonant than others was the biggest standout there for me.

― My Body's Made of Crushed Little Evening Stars (Sund4r), Saturday, May 6

lol yes. and that's saying something.

B-b-but how do you know he is not one of these Just Intonation guys?

that guy should post on ilm

We could just post his email on the Introduce Yourself! thread. It would fit right in.

pretty giggly throughout but i lost it here:

Tabla (which can be filtered)

yes something very smoov b about that one

damn.

40. Defendants represented, among other things, that (1) the Fyre Festival would take place on a private island; (2) the island was previously owned by infamous drug lord Pablo Escobar; (3) food and beverages would be provided, including VIP food packages and upgrades; (4) the living quarters would be fully furnished permanent structures; and (5) the event would be attended by celebrities, and that top-level musical talent would be performing.

from the 7th lawsuit. lol that no musical acts playing is an addendum to the 5th complaint, a side note after the attendance of celebrities.

Fuck Like Porn Stars>>>>>Live Like Movie Stars>>>>>>Party Like Rock Stars seems to be the line there

Great success!

https://news.vice.com/story/audio-fyre-festival-founders-reveal-to-employees-nobodys-getting-paid

On Friday, Billy McFarland, the 25-year-old founder of the disastrous Fyre Festival, told his shell-shocked employees that their paychecks covering the past two weeks would not be coming. Nor would he be firing them, a prerequisite for unemployment benefits in most states. Instead, McFarland offered to allow his dozen-or-so employees to stay on in unpaid roles, where they could work to grow the business to a place where they might get paid again.

"offered to let"

unpaid legends

towards the beginning of the piece...

McFarland urged those who still believed in the idea of the company to stick around and help build the talent booking service without pay.“I understand that this is not an ideal situation for everybody, and this will likely cause a lot of you to resign, which we totally get and understand,” he said. “That said, if you want to stick with us, we’d love to have you and we’d love to work together and hunker down and get back to a place where everything resumes to business as usual as usual.”

and at the end

Instead, most of the remaining Fyre Media employees quit en masse over the weekend and on Monday. Soon after, their access to their company email was shut off.

you're not fyred

'which we totally get *and* understand'

This is like the business version of that time Nickelback played in Portugal...

"It's up to you, d'ya wanna work for free or do you wanna go home!?" ... ... ... ... "See ya!"

Bloomberg reported that Comcast had a term sheet in March to invest $10.5 million in Fyre Media, valuing the company at about $100 million.

every time this fact pops up it's a big disconcerting

a bit disconcerting

Dis-concerting.

I think you mean "non-concerting"

Consciously un-concerting

^^^ winner

"hunker down and get back to a place where everything resumes to business as usual..."

uhhhhhhh hold on, what is "business as usual" exactly? feral pigs and limp cheese?

"Living like Movie Stars etc."

was "where everything resumes to business as usual as usual" a mistake or did he really say that? i love that if so. reminds me of VIZ's
"it's political correctness gone mad gone mad"

“We’re not firing anyone; we’re just letting you know that there will be no payroll in the short term.”

So much of this stuff reads like "Silicon Valley" dialogue.

love these guys. still admire the brazenness of "we can give you a refund or we can give you twice as many tickets to Fyre Festival 2018!"

http://assets1.ignimgs.com/2016/05/28/sunday-tv-silicon-valley1280jpg-6dabfc_400w.jpg

The fun never stops!

http://radaronline.com/celebrity-news/fyre-festival-lawsuits-fraud-investor-claims/

According to new reports, investor Oleg Itkin filed a lawsuit against the organizers this week, claiming William McFarland gave him misleading information about the event’s expected revenue they’d earn by November 2017 — allegedly showing $932 million in earnings.

The Manhattan investor said in his court docs that he handed over $700,000 to the party planners from January to April, but was stunned when he heard it was a massive fraud from the beginning.

http://mashable.com/2017/05/13/fyre-festival-social-influencers-lawsuit/#IB..iI3Ynkq0

Mark Geragos, the Los Angeles-based power attorney behind the leading class action suit against organizers of the infamous Fyre Festival, now says his firm is investigating whether social media "influencers" who hyped the disastrous event could be dragged into the ever-expanding web of lawsuits.

"One of the things we're toying with is going after social influencers who didn't comply with [Federal Trade Commission] stuff so, that may be the next wave," Geragos said late last week on The Adam Carolla Show, where he's a regular guest.

And my favorite, this one:

https://variety.com/2017/music/news/fyre-festival-crisis-management-class-action-feds-1202426107/

Fyre Festival co-founder Billy McFarland has initiated talks with a crisis management team at FTI Consulting about managing his battered public image, which took another hit Thursday with a sixth class action suit filed in New York. That brings the total number of claims against the Bahamian music fest to ten. Between that pricey gambit and the need for legal representation it appears thwarted festival goers may wind up footing their antagonist’s costly tactical response with coin from ticket purchases.

Although reports of missed payments to vendors and staff are rampant, and McFarland looks to be on shaky financial footing, as a reputation manager at a competing firm put it, “They sold several thousand tickets at $500 to $2,000 each. Somebody has some money.” Although Fyre never issued a figure for tickets sold, the Wall Street Journal reported that 7,000 people were expected to attend. At a median price of $1,250 per ticket, that’s $8.75 million.

And I admit I like the quotes from this other crisis management dude they talked to

Schiffer said the event was only incidentally about the music, that it was more stagecraft conjured by McFarland, who “understood the mindset of a striving millennial that wants to reach a certain level of self-regard. In promoting this event, he painted a picture that allowed them to think they would get there.” Ja Rule, the celebrity in his circle, “gave him credibility.”

....

“Was this systematic fraud or a guy who didn’t take his medication? A guy who truly believed he was going to pull it all off and became unhinged? In any of those scenarios his reputation is in cinders,” Schiffer said. “In some ways trying to be a Bill Graham Productions, and in other ways a Gatsby, the difference being Gatsby had the bank account. This guy didn’t.”

The gift that keeps on giving.

According to new reports, investor Oleg Itkin filed a lawsuit against the organizers this week, claiming William McFarland gave him misleading information about the event’s expected revenue they’d earn by November 2017 — allegedly showing $932 million in earnings.

never respect rich people

I have no idea how they'd even get close to that w/gross income, lol

"Well, I dunno..."
"Did we say $93.2 million? Dude, that decimal's totally in the wrong place."
"Oh! Ok then."

Lots to tuck into here

https://www.bloomberg.com/news/articles/2017-05-15/fyre-festival-was-buried-under-millions-in-debt-before-it-even-began?bpop=152262292

Fyre Festival organizers took out a $3 million loan from a New York firm run by Ezra Birnbaum. Listed as a “member” of EHL Funding LLC, Birnbaum is now suing the festival’s organizers for defaulting. A second loan, for as much as $4 million, was tied to Carola Jain, the wife of prominent Wall Street executive Bob Jain, co-chief investment officer of the $35 billion hedge fund Millennium Management.

Birnbaum’s loan was to be repaid with money Fyre received for festival-related purchases, such as tickets and funds added to electronic wristbands meant for on-site digital payments. Fyre was to fork over at least 40 percent of what it received this way, or by other electronic means, according to a copy of the promissory note. Around the time organizers took out the loan from Birnbaum, himself tied to a now-settled U.S. Securities and Exchange Commission fraud suit, 1 ticket-holders began receiving emails encouraging them to put hundreds of dollars on their “FyreBands” to use for buying items and services such as extra beach tours and boat rentals. The festival received more than $700,000 from festival-goers for use via the wristbands–funds that were never repaid to Birnbaum, according to his complaint.

And this joy. 120%!

But as the festival meant to introduce the Fyre brand approached, the company was already taking on substantial debt.

On April 10, less than three weeks before the event, EHL Funding made a multimillion-dollar loan to fund the Fyre Festival, according to a copy of the promissory note filed in connection with a lawsuit. EHL shares a Manhattan address with Birnbaum, who identifies himself as a “member” of the business in a signed verification included in the court complaint. EHL also is suing Atkins and Robert Nemeth, managing director and head of research at Perkins Fund Marketing, a Southport, Connecticut-based broker-dealer, who guaranteed the loan, according to court papers and filings made under the Uniform Commercial Code.

The interest on the loan amounted to $600,000 over three months, but only if Fyre met a trio of stipulations. It needed to make a payment of $500,000 within 16 days, make each subsequent payment on time, and raise the company’s valuation to more than $75 million. If any of these terms weren’t met, interest charges would total $900,000, a penalty that would make for an effective annualized rate of 120 percent. Neither Birnbaum nor an attorney for EHL replied to requests for comment.

Fyre was to fork over at least 40 percent of what it received this way, or by other electronic means, according to a copy of the promissory note.

"We have no money right now, but we've collected 12,000 likes and a meme of Ja Rule drinking a club soda."

so many deserving people losing so much money on this, warms the heart