After seeing their stock plummet once CEO Robert Sillerman missed the deadline to finalize his go-private offer, SFX’s directors are looking to sell off the company in parts or in whole in a new, restriction-free shop period. Sillerman had until 10 a.m. EDT Aug. 13 to find the funds to take the event behemoth private, but as the cutoff [...]
UPDATE: Symphonic Distribution has reported that Beatport will send outstanding Q2 payments to labels next week. Beatport and SFX Chairman & CEO Robert Sillerman have both made statements which can be seen below: It was confirmed today that Beatport’s label supplier payments, which have been delayed temporarily via a hold at SFX [...]
SFX Entertainment chairman Robert Sillerman has officially followed through on his February proposition to take the company private after its initial 2013 IPO, acquiring the rest of the company’s shares for $5.25 per share in cash, totaling about $774 million. Current stockholders can elect to retain stock in SFX under some undisclosed [...]
Robert FX Sillerman reported purchasing $2.8 million worth of shares in his electronic music holdings company SFX Entertainment (SFXE) today after reports surfaced that the CEO had yet to follow through on his promise to do so, sparking debate over the company’s future. Sillerman filed a Form 4 with the US Securities And Exchange [...]
EDM superpower SFX Entertainment continued to expand by making moves to acquire Monumental Productions, the producer of Awakenings Festival. SFX Entertainment announced Sept. 15 that they would be acquiring Monumental Productions, the production company responsible for Awakenings Festival and other events under the Awakenings brand. [...]
Live event holding company SFX Entertainment was able to bolster revenue 199 percent to $82 million in its second quarter of 2014, but it still slipped deeper into the red with a reported net loss of $43.7 million, an increase of 77 percent. The holdings company built to “conquer” dance music announced its Q2 figures on an earnings [...]
SFX Entertainment’s always charming CEO Robert FX Sillerman expressed some interesting fashion ideas through an Instagram video as he disembarked his plane in Miami today. As he exits the plane dressed like someone you’d refer to as a “super special little guy” in his sideways hat and Mr. T starter set chain, the face of SFX follows [...]
SFX Entertainment, Inc. (SFXE) is being sued by three men who claim they were co-founders of the electronic music holdings company with Robert FX Sillerman (pictured) but were denied their shares, valued at $100 million. Bloomberg reports that Deckstar president and co-founder Lawrence Vavra, “Disco Donnie” Estopinal’s manager Paolo [...]
EDM’s newest financial power player, Robert Sillerman, and his NY-based holdings company SFX Entertainment announced terms for their IPO yesterday, going public with the company that now controls a majority stake in Beatport, ID&T, and more in the EDM world. Nasdaq.com reports that SFX plans to make $200 million by offering 16.7 million [...]
We’ve got tons of news today, featuring big announcements from SFX, the crime numbers from EDC, the latest Disclosure collaboration, and more. Banks Does Business With Disclosure New York-based rapper and Twitter… err… sweetheart… Azealia Banks must’ve been given her tweeting privileges back by her record label, Interscope, because the [...]
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