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Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by Animats on Sunday July 09, 2017 @01:17PM (#14730707)
Nothing in the article indicates that insurance will be harder for other festivals to obtain. The insurance executive quoted says that insurance probably wouldn't have covered the organizers of the Fyre festival. The event did not fail because of an external event; it failed because the organizers didn't have the money and organization to prepare for it.

Fyre Media is being forced into bankruptcy by their many creditors. The WSJ article is "Lenders Seek to Force Fyre Festival Into Bankruptcy". (If you search for that in Facebook, you can read it for free. Searching for it in Google won't help. This, as an aside, reflects the changing power situation between Google and Facebook.)

Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by acomjean on Sunday July 09, 2017 @01:45PM (#14730815)
I think the article indicates insurers need to do some due diligence on these festivals. Its unclear if Fyre even had insurance for a festival on a remote (basically unpopulated) island in the Bahamas. Most festivals aren't that ambitious in location.

The Fyre organizer basically didn't have it together: "Farland, 25, is alleged to have cheated at least two investors out of about $1.2 million by lying about the revenue and income of Fyre Media Inc., which he founded in 2016. He gave them phony documents claiming the company generated millions of dollars in revenue from thousands of artist bookings in a single year, when it really earned just $60,000 from about 60 performances, they said."[1]

https://www.bloomberg.com/news/articles/2017-07-01/u-s-charg...

Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by slap on Sunday July 09, 2017 @01:57PM (#14730872)
Just for your information, it wasn't on an unpopulated island but on Exuma, specifically 1 mile north from the resort "Sandals Emerald Bay" .
Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by mikeyouse on Sunday July 09, 2017 @02:46PM (#14731066)
Yep, they tried really hard to make it sound like it was some far flung place and showed a lot of cleverly oriented pictures to make their case, but this is where the festival was meant to be located:

https://www.google.com/maps/place/Exuma,+The+Bahamas/@23.635...

Zoom out a bit to see exactly how 'remote' it really was.

Edit: Meh, mobile GMaps is messing with the link, but their property was on the north side of the island a few hundred yards from a marina.

Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by slap on Sunday July 09, 2017 @03:40PM (#14731302)
Exactly, they advertised it to be on an island “once owned by Pablo Escobar” implying that it was on Norman's Cay ( https://en.wikipedia.org/wiki/Norman%27s_Cay) but Norman's Cay is 100 miles away. Just lies...
Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by krisoft on Sunday July 09, 2017 @02:56PM (#14731111)
This is the actual beach they would have been on: https://goo.gl/maps/VN5r6NPas512

I found it by comparing the stylized ground maps they released with the satellite imagery.

Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by adameast9000 on Sunday July 09, 2017 @01:31PM (#14730754)
The conclusion I walked away with was articles that describe how insurance works need clickbaity titles.
Re:The Disastrous Fyre Festival May Have Wrecked It for Ever... by coolgeek on Sunday July 09, 2017 @07:18PM (#14732293)
> This, as an aside, reflects the changing power situation between Google and Facebook.

This is about as clear a case of anecdata as I've ever seen