Music festivals are a tough racket, and as conventional wisdom has it, they must incur serious financial losses before they reach a plane of success and longevity. As such, it should go without saying that when festivals don’t rake in the ideal numbers, many organizers and/or their financial backers get cold feet and abandon ship without seeing the forest for the trees.
That’s the story of many festivals. Some, however, never see another year because of just how disastrous the inaugural runs are, and these are the festivals that frequently get comparisons to Fyre Festival.
We’d like to think that the festival bubble’s burst in the 2010s was so violent that fewer people even fancy the idea of taking a crack at a new one, but apparently, that wasn’t the case. Some organizers had to learn this lesson the hard way, and below are five examples that North Texans bore witness to.