Jennifer Yacoubian will book the LA festival following sexual misconduct allegations against founder Sean Carlson
AEG and Goldenvoice have bought out FYF Fest founder Sean Carlson's stake in the festival and are planning to continue the event in 2018, Billboard has learned. The move comes following a series of sexual misconduct allegations against Carlson that surfaced in November.
Billboard has learned that after quietly distancing itself from Carlson in November, AEG triggered a buyout clause in Goldenvoice's six-year-old agreement with Carlson and purchased his 50 percent stake in the festival. The multi-day event is now being booked by Goldenvoice's Jennifer Yacoubian, who has worked at Goldenvoice since 2009 and books the Shrine Auditorium, the company's Splash House series in Palm Springs and the El Rey Theatre in Los Angeles. FYF co-producer Dave Peterson is also staying on and will continue to work on the event.
In November, just as the #MeToo movement was picking up steam following a series of allegations against Hollywood mogul Harvey Weinstein, four women stepped forward and accused Carlson of sexual misconduct between 2010 and 2015. Carlson founded FYF (formerly known as Fuck Yeah Fest) in 2004 when he was 18.