Feb 08, 2016
Creditors Have Been Revealed For Bankrupt SFX

SFX is bankrupt, Sillerman is out as CEO, and there may no longer be a TomorrowWorld. Now, following news that the company has received an $80 million bankruptcy loan, it’s been revealed that SFX owes some serious companies some serious money.

According to Music Week, SFX’ biggest creditors are:

Alda Events: $23.6 million
Totem OneLove Group–which runs Australia’s Stereosonic Festival– $10.7 million
Made Event–founder of Electric Zoo–$10 million
React Presents–the company behind Spring Awakening–$5.8 million

As well, UK-based songwriter, composer, and music publisher membership group PRS for Music is owed over $300,000.

Stay tuned for more information in the ongoing SFX Entertainment saga.

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