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The Most Expensive Home in The Hamptons Once Belonged to SFX Entertainment’s CEO

Even though ex-CEO of SFX Entertainment, Robert F.X. Sillerman, isn’t one of the most popular guys around town these days. Since claiming bankruptcy back in 2016, Sillerman’s name hasn’t been mentioned much in the news. This morning, news broke that the most expensive home went on the market in the Hamptons and it used to

The post The Most Expensive Home in The Hamptons Once Belonged to SFX Entertainment’s CEO appeared first on EDM Sauce.

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Executives from Q-Dance, ID&T rumored to be key players in SFX restructuring

Executives from Q-Dance, ID&T, and Awakenings are rumored to be involved in SFX Entertainment’s post bankruptcy restructuring.

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Robert Sillerman Officially Steps Down as CEO of SFX, Says Farewells

On March 29th, Robert Sillerman officially stepped down as CEO of SFX Entertainment. SFX Entertainment was founded in 2012 and was made to be a live events conglomerate founded by the media entrepreneur Robert F.X. Sillerman. Sillerman was under scrutiny after admitting he did not know much about the industry he bought into. In Sillerman’s farewell letter to his fellow employees, Sillerman stresses the importance of refocusing their energies. Read Robert Sillerman’s farewell letter to his staff below: As most of you are aware Thursday, March 31, will be my last day as CEO of SFX. I will remain as

The post Robert Sillerman Officially Steps Down as CEO of SFX, Says Farewells appeared first on EDM Sauce.

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Read Robert Sillerman’s parting words as he officially steps down as CEO of SFX

Robert Sillerman writes a heartfelt parting letter to his staff

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Former SFX CEO seeks lawsuit protection during bankruptcy restructuring

Deposed SFX CEO Robert Sillerman seeks to pause an ongoing lawsuit while his company’s chapter 11 process is completed

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Beatport reports $7.5 million loss in revenue

Beatport experienced a $7.5 million loss in revenue in 2015.

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SFX Entertainment Is $490 Million In Debt

SFX Entertainment has been in the news quite a bit lately and for good reason. After filing for Chapter 11 bankruptcy, getting rid of $300 million in debt and receiving $80 million in loans, SFX Entertainment still owes over $490 million to creditors. Of the $490 million that SFX Entertainment owes, $23 million will go to Holland’s Alda Events, $11 million to Totem OneLove Group and $10 million to Made Events. If that wasn’t brutal enough, take a look at SFX’ stock prices below: 1. Mountain B.V. (Jeroen H.J. Preller) Amount Owed: $11,682,500 2. Lewis Holdings B.V. (Jeroen H.J. Preller) Amount

The post SFX Entertainment Is $490 Million In Debt appeared first on EDM Sauce.

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SFX granted an $80 million bankruptcy loan

The loan will be used to pay off senior investors and for operational expenses

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SFX resolve one of their outstanding lawsuits

It seems that the recent trajectory of Robert Sillerman’s SFX Entertainment runs inversely to that of a Shakespearean tragedy. If 2015 is to be considered the first act of the company’s plight, their second act is looking somewhat more optimistic.

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SFX may file for bankruptcy

2015 proved to be a devastating year for Robert Sillerman’s event conglomerate, SFX Entertainment, Inc. After a series of lawsuits and continuously crippling financial hits, the company has amassed an inordinate amount of debt.

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Live Nation’s head of electronic music will not be joining SFX

In early December, news broke that Live Nation’s head of electronic music, James Barton, was in negotiations to join SFX Events in a “senior but undetermined position.” Barton, given his successful track record with both Live Nation and Cream, was generally perceived to be SFX’s best chance at successfully restructuring their interminable debt.

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SFX to repeat history with possible sale to Live Nation

After nearly claiming bankruptcy, SFX hopes for good news in the form of a Live Nation acquisition.

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Live Nation’s head of electronic music may be joining SFX

Every time SFX makes headlines, it seems that things have gotten worse for them; And unfortunately for the nearly-bankrupt conglomerate, they’ve been made quite a few headlines recently. However, it seems that they may have finally caught a break.

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Another lawsuit falls into Robert Sillerman’s lap, adds to list of SFX woes

Battles against SFX are continuing to be waged with a new class-action lawsuit regarding misleading statements on the company’s behalf.

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SFX Appoints Life in Color’s Sebastian Solano As CEO of ID&T North America/Made Events

Big changes are coming for SFX in hopes to revive the dance music empire. But will this be enough? Life In Color founder/CEO Sebastian Solano is responsible for growing a … Continue reading

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Robert Sillerman unable to re-privatize SFX and now looks to sell the company

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SFX faces more bad news as Robert Sillerman’s attempt to re-privatize fails and the company seeks a potential buy out

Robert Sillerman unable to re-privatize SFX and now looks to sell the company was posted by Valerie Lee, and appeared first on Dancing Astronaut.

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Beatport and SFX apologize for ongoing royalties suspension

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Beatport and SFX issue public apology for ongoing royalties payout suspension.

Beatport and SFX apologize for ongoing royalties suspension was posted by Valerie Lee, and appeared first on Dancing Astronaut.

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Things Aren’t Looking Good For SFX Right Now

      We hope you enjoyed the summer festival season because it looks like SFX, parent company to  Tomorrowland, Mysteryland USA, Electric Zoo, Stereosonic, Voodoo Experience, Beatport and Flavourus seem to be dealing with some financial issues. The EDM conglomerate that had raised $260 million with it’s IPO has been hemorrhaging money ever since, failing to meet the street’s estimates even […]

The post Things Aren’t Looking Good For SFX Right Now appeared first on Trap Music Blog – Run The Trap: The Best Hip Hop, EDM & Club.

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$100 million lawsuit resurfaces against SFX and heads to court this October

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Paolo Moreno and his collaborators are suing Robert Sillerman and SFX for $100 million after allegedly being scammed by the company.

$100 million lawsuit resurfaces against SFX and heads to court this October was posted by Christina Hernandez, and appeared first on Dancing Astronaut.

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SFX Chairman Robert Sillerman moves to buy back shares and privatize company

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News surrounding SFX has been tumultuous as of late. First there was a 70% drop in share price since its IPO, then a restructuring that saw numerous layoffs, and now an offer from its chairman, Robert F.X. Sillerman, to buy back all outstanding SFXe stock. Sillerman looks to make the company private and has offered $4.75 per share to all SFXe shareholders. At the time of writing the offer is still 6.% higher than its market value, but a far cry away from the $1 billion valuation the company was given in October of 2013. SFX’s investors aren’t happy with the brash offer either, including Maglan Capital who own 1.5% of the company and told Forbes that Sillerman’s offer was “a way low-ball bid.” Experts have defined the deal as “an insult to investors” and argue that despite the stock’s momentous decline in value, the brand’s global expansion, T-Mobile and InBev partnerships, and forthcoming streaming service value the stock closer to $10 a share.

SFX Chairman Robert Sillerman moves to buy back shares and privatize company was posted by Andrew Spada, and appeared first on Dancing Astronaut.

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