Episode Details

Pitchfork Music Festival’s co-founder Mike Reed is embroiled in a high-stakes legal drama after being accused of misusing $564,000 meant for the canceled 2025 festival — allegedly diverting funds to his own business instead of returning them. The lawsuit, filed in Chicago federal court, claims Reed lied about expenses and breached fiduciary duty, while Pitchfork Festivals LLC sought back nearly $4 million. Reed responded publicly, stating he and Condé Nast have settled the matter — putting the money dispute behind them as they move forward.

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