SFX
Gary Richards officially joins LiveStyle
After his somewhat shocking departure from LiveNation/Hard after his 5 year contract expired. Over the Labor Day weekend the dj and party promoter confirmed via tweet that he was involved …
Formerly Bankrupt SFX is Now LiveStyle
It was announced earlier this month that the bankrupt SFX Entertainment, which owns Beatport, ticketing company Paylogic, music festivals Electric Zoo, Mysteryland, Spring Awakening, and Life in Color, is officially …
SFX bankruptcy plan approved with ~$400mm in debt wiped out
According to the Wall Street Journal, the bankruptcy case handling SFX Entertainment’s BK filing has approved a plan to wipeout approximately $400 million in debt. In addition, the bankruptcy judge …
SFX Not Selling Beatport
SFX Entertainment, the parent company of Beatport, declared bankruptcy six months ago. Due to the bankruptcy declaration, SFX announced in March that Beatport would be sold by auction this past …
Flavorus EDM ticketing site sold to Vivendi for $4 Million in SFX asset auction
…SFX Entertainment continues to shed its various assets following its Chapter 11 bankruptcy filing in February, with the latest coming this week. The company announced in court documents signed yesterday …
Beatport to implement major changes!
Beatport will go back to it’s original platform of primarily delivering music for dj’s to purchase. The online digital retailer will close the mobile app and live streaming platform and the event section …
Judge sets aside $15 million for SFX to guarantee dj fees this summer
A consortium of dj booking agencies including WME, AM Only, Windish and Paradigm Talent Agency have agreed to a carve-out agreement with SFX. This agreement effectively allows SFX access to $15 …
SFX to layoff 50+ this summer
…SFX Entertainment, the financially distressed dance music promoter current in Chapter 11 bankruptcy restructuring, will lay off about 50 employees in New York in July, the company disclosed Thursday. The …
SFX head Robert Sillerman’s parting words to employees
On March 29th, Robert Sillerman stepped down as CEO of SFX (he will remain as Chairman of the Board). The following statement was sent to current employees: As most of …
SFX Bankruptcy Filing update – Stock hits $0.01 per share
As most of you now know, EDM conglomerate SFX files for bankruptcy next week. It remains to be seen the ultimate effect due to this. Already we have seen that …