Talent agency Paradigm has been participating in settlement talks with the trustee overseeing the Fyre Fest bankruptcy, taking a different position from agencies like CAA and UTA.
Paradigm now has until Jan. 17, 2020, to come to an agreement on a potential settlement. Paradigm officials did not provide comment for this story, but a settlement would be a departure from how most booking agencies view payments to their artists. Generally, new festival promoters like McFarland are expected to pay 100% up front to the artists they book and, typically, artists wont return payment if the festival is canceled.
In the case of Fyre, Messer argues that the money McFarland paid to the agencies was fraudulently obtained in misrepresentations he made to investors and backers of his Fyre app. Messer is seeking the return of the money, arguing the funds were the "unfair expense of Fyre Festival’s defrauded investors, creditors and ticketholders."
The bands booked for Fyre "never showed up or performed at the festival," he said, arguing that the money should be returned. Messer also appears to be in settlement talks with Matte Productions, which co-produced the documentary for Netflix with Jerry Media, the company who created Fyre's social media strategy. Messer wrote that McFarland transferred "over $500,000 to the company that shot and edited Fyre Festival ads and Festival footage which ultimately used that footage to produce a profitable and popular documentary panning the Festival .
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