Fyre Festival's Billy McFarland is selling the brand after Fyre Fest 2 flopped. The follow-up event was indefinitely postponed earlier this month.

"It’s clear that I need to step back and allow a new team to move forward independently," the convicted fraudster shared in a statement following a second postponement of the festival

Billy McFarland is trying to sell the Fyre Festival brand after aborting a second attempt to launch the event that failed spectacularly in 2017.