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The festival had been scheduled for late May in Playa Del Carmen. Initially, its website announced "it is postponed and will be rescheduled" before the language was updated. IE 11 is not supported.

Billy McFarland says he will sell the brand "to an operator that can fully realize its vision." The news comes days after the postponement of Fyre Festival 2, which was scheduled for late May.

Fyre Festival promoter Billy McFarland says 'it’s clear that I need to step back' as he puts his brand up for sale. Fyre Festival 2 is currently indefinitely postponed and without a host location.