Fyre documentaries on Hulu & Netflix complicate the festival’s bankruptcy case—potential subpoena is afoot
Fyre Festival‘s bankruptcy trustee, Gregory Messer, is working toward subpoenas for both Netflix and Hulu after both their respective documentaries were revealed to have mysterious exclusive footage. Reports had already been circling around that both streaming platforms had spent large sums in order to use this footage. According to bankruptcy law, if they payments had been made to the brand as the case had been unfolding, the funds would need to be used to pay off confirmed creditors on the plan. Tracking where the funds were wired to is proving a difficult task at the moment, as is confirming for sure whether or not the footage is a concrete asset of Fyre Festival LLC.
“Due to a lack of information, it is impossible for the Trustee to determine where the footage came from and whether such footage was an asset of the Debtor’s estate,” stated Messer when submitting his paperwork to the bankruptcy judge. Netflix and Hulu have yet to make an official statement on the legal matter.
H/T: EDM Tunes