TagsSFX Entertainment

Electric Zoo 2016 General Atmosphere

SFX Entertainment Rebrands As LiveStyle After Bankruptcy

Buzz 14:55PM EDT

SFX is back and with a new direction and name.READ MORE

Beatport

Beatport's Auction Date Delayed As SFX Bankruptcy Proceedings Continue

Buzz 10:46AM EDT

The winner will be announced later this month.READ MORE

Electric Zoo 2015 Crowd

SFX Granted $15 Million To Pay Artist Advances For Summer Festivals

Buzz 14:55PM EDT

A slight reprieve for the bankrupt former EDM giant.READ MORE

Skrillex

Electric Zoo, Spring Awakening, Mamby on the Beach Lineups Leaked via SFX Court Documents

Buzz 23:23PM EDT

Following filing for Chapter 11 bankruptcy, SFX Entertainment, the media conglomerate behind live EDM events like TomorrowWorld, is undergoing massive reconstruction, which means lots of time spent with lawyers. The latest court documents to surface from those legal proceedings inadvertently leaked partial lineups for the 2016 editions of Electric Zoo, Spring Awakening Festival and Mamby on the Beach.READ MORE

Beatport

SFX To Auction Beatport, Fame House Amid Bankruptcy Proceedings

Buzz 17:36PM EDT

SFX Entertainment filed for bankruptcy on Feb. 1 and now we are starting to see how the courts look to restructure the company and its mounting debts. According to new filings in Delaware bankruptcy courts, SFX is looking to auction off one of its most prized assets, digital marketplace and streaming service Beatport. It is also looking to sell off marketing company Fame House.READ MORE

TomorrowWorld 2013

TomorrowWorld 2016 In Jeopardy After SFX Bankruptcy Filing

Buzz 12:36PM EDT

Yesterday the unsurprising news broke that former dance music behemoth SFX Entertainment was filing for bankruptcy after nearly a year of mounting debt and a rock-bottom stock price. This has caused concerns about many of their assets like Beatport, Made Event, ID&T and Totem OneLove. Beatport released a statement yesterday saying they were continuing business as usual, while festivals like Stereosonic also commented that they planned to go ahead with their 2016 edition. However it appears as though the financial issues could impact one or more festivals, such as TomorrowWorld.READ MORE

Robert F.X. Sillerman, CEO Of SFX Entertainment

SFX Entertainment Files For Chapter 11 Bankrupcy, CEO Sillerman Being Replaced

Buzz 10:36AM EDT

SFX Entertainment has officially filed for Chapter 11 bankruptcy. The move seeks to eliminate $300 million in debt off of the company's balance sheet, provide it with fresh capital and convert the outstanding debt into equity to form a private company - the goal of founder Robert Sillerman throughout all of 2015. One other major change will be a shakeup at the top. Robert Sillerman will be replaced as CEO by a still-to-be-named candidate, but remain as Chairman of the board.READ MORE

Alesso at Electric Zoo 2015

SFX Settle Lawsuit Accusing Sillerman Of Stealing Idea Behind Company

Buzz 15:46PM EDT

Things appear to be looking a little better for the beleaguered and once might dance music conglomerate SFX Entertainment that has recently been teetering on a potential bankruptcy. SFX has settled its lawsuit, which alleged that the current Chairman and CEO Robert Silllerman stole the idea behind the company.READ MORE

Electric Zoo 2015 Final Transformation Fireworks

SFX Entertainment Considering Filing For Bankruptcy

Buzz 13:18PM EDT

SFX Entertainment has been struggling financially all 2015 and those woes are not going anywhere in 2016. According to new SEC filings, the company is preparing for the worst and considering a bankruptcy as a possible solution to try and get out from under its crushing debt.READ MORE

Mitchell Slater, Vice Chairman of the Board of Directors, Robert F.X. Sillerman, CEO of SFX, Afrojack and Sheldon Finkel, Vice Chairman rings the NASDAQ closing bell on October 9, 2013 in NYC

Live Nation Exec Will Not Join SFX, Spotify, TMWRK Terminate Agreements With Company

Buzz 07:40AM EDT

The bad news just keeps on coming for SFX Entertainment. The heaving dance music behemoth thought they had found their man in head of electronic music at Live Nation James Barton to join the executive team in what would have been a coup for SFX, but that deal has reportedly fallen through. In addition to the nullified deal, Spotify's deal with Beatport has been terminated and SFX's contract with TMWRK, the management group for artists like Jack Ü, Diplo and Dillon Francis, has been terminated as well.READ MORE

Electric Zoo 2015 Main Stage & Quad

SFX Entertainment Looks To Restructure Debts, Sell Assets

Buzz 17:58PM EDT

It has been a rough year for SFX Entertainment. Chairman and CEO Robert Sillerman has tried and failed twice to take the company private and with the stock in the toilet, he is now seeking outside help to try and restructure the company's mounting debts and sell off some of the valuable assets under the SFX umbrella.READ MORE

Robert F.X. Sillerman, CEO Of SFX Entertainment

Robert Sillerman Withdraws Offer To Take SFX Private

Buzz 16:53PM EDT

Robert Sillerman has withdrawn his offer to take the beleaguered dance music conglomerate SFX Entertainment private. Citing market conditions and the company's tanked stock price, Sillerman is deciding to try and stay the course and turn things around as a public company.READ MORE

Robert F.X. Sillerman, CEO Of SFX Entertainment

Robert Sillerman Extends New Offer To Take SFX Entertainment Private

Buzz 18:25PM EDT

The fearless leader of heaving dance music conglomerate SFX Entertainment, Robert F.X. Sillerman is making one last ditch effort to try and save his company. In a new letter sent to the Board of Directors, the Chairman and CEO has extended a new offer to take the company private.READ MORE

TomorrowWorld 2013

SFX Entertainment Extends Bid Deadline For Sale Of Company Assets

Buzz 18:18PM EDT

SFX Entertainment today (Oct. 1) gave an update on its attempt to gather bids for either a potential sale of the entire company or various pieces of the firm. After an attempt over the spring to take the company failed, Robert Sillerman doubled down on trying to find potential buyers. The go-shop period for bid was originally slated to end tomorrow Oct. 2, but according to a statement, SFX has extended the bidding deadline to Oct. 14.READ MORE

TomorrowWorld 2013

SFX Reportedly Planning Asset Firesale After TomorrowWorld Nightmare

Buzz 17:25PM EDT

The once mighty SFX Entertainment is reportedly planning a fire sale of its various assets amidst a rock-bottom share price that only went lower after reports of a nightmarish scenario at one of its flagship festival TomorrowWorld over the weekend. According to first-hand accounts horrid weather left attendees stranded at the festival or in the woods on the side of the road outside without transportation back to their hotels or cars.READ MORE

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