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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

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Former CEO Robert Sillerman denied a staggering $15 million+ by SFX

Former CEO of SFX, Robert Sillerman, requests money for Legal Fees & Personal Guarantees Multimedia behemoth, SFX (owners of Beatport among other assets), have come into troubled waters recently, having declared bankruptcy earlier this year. As if that wasn’t enough, the chronicle continues as we delve further down the legal rabbit hole and into the

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SFX will not sell Beatport

After filing for bankruptcy in February, SFX Entertainment sought to sell Beatport. After making major site changes, SFX has withdrawn the auction.

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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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Festival Founders Claim SFX Still Owes Them Millions of Dollars

The founders of Stereosonic Festival have filed a lawsuit claiming that SFX Entertainment still owes them $15 million for the sale of their company to them. Totem One Love Group was sold to SFX Entertainment back in October of 2013 for a reported $75 million. Based in Melbourne, Australia, Totem OneLove Group had developed into one of Australia’s leading innovators in the dance music scene. With Steresonic’s decision to not return in 2016, SFX Totem, the Australian branch of SFX Entertainment has gone into administration (bankruptcy). During the time of the acquisition, Richie McNeill, Managing Director of Totem OneLove Group

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Former Beatport CEO pens an open letter on how to save the site

Jonas Tempel, former CEO and a founding partner of Beatport, has penned on open letter on how to save the site, which failed to be sold at auction.

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Beatport Axes Streaming Service and More In Latest Plans

Following SFX Entertainment’s bankruptcy, many of you were questioning what exactly would happen to Beatport. In a statement released yesterday, Beatport said that they will be shutting down the streaming service and mobile app, along with Beatport News, the Events section and Video livestreaming platform as of May 13, 2016. Also, it appears that the auction process is suspended as well. The statement reads: When Beatport was acquired three years ago, part of the vision was to create a broad digital platform for DJs to engage fans of electronic music wherever they may be. The original Beatport Store and the

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Stereosonic Has Apparently Been Cancelled

According to a story reported by Sydney-based The Daily Telegraph (unfortunately hidden behind a paywall), organizers Totem OneLove and their parent company SFX Entertainment have canceled this year’s Stereosonic Music Festival possibly due to the deaths of two people at last year’s festival. Although Totem OneLove and SFX Entertainment have failed to comment, the paper was able […]

The post Stereosonic Has Apparently Been Cancelled appeared first on Trap Music Blog – Run The Trap: The Best Hip Hop, EDM & Club.

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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

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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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SFX Entertainment To Sell Off Beatport in Auction

As SFX Entertainment continues to undergo its bankruptcy case, the company has revealed that it is looking to auction off the online music store, Beatport. Documents shown in court show that it is no longer financially viable for SFX Entertainment to invest in the digital music store. The court paper obtained by Kurtzman Carson Consultants reads “While the Beatport Assets are valuable to the SFX enterprise, given SFX’s current financial condition, SFX cannot afford to make additional investments in Beatport as may be needed in the future, and therefore, has decided to sell the Beatport Assets.” All bids for Beatport

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Beatport Loses Over $5 Million In Revenue

It was reported earlier this month that SFX Entertainment was approximately $500 billion in debt before the company declared chapter 11 bankruptcy. Since then it has appeared as though SFX has been taking others down with them, leaving TomorrowWorld in…

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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

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SFX Entertainment Declares Bankruptcy

Due to a series of financial difficulties, SFX Entertainment, the company responsible for putting on some of the biggest festivals in the world from Tomorrowland to Electric Zoo, has filed for chapter 11 bankruptcy. Despite the $20-million in funding the company received in January , it seems as if the esteemed entertainment conglomerate could be […]

The post SFX Entertainment Declares Bankruptcy appeared first on Trap Music Blog – Run The Trap: The Best Hip Hop, EDM & Club.

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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 receives $20 Million in funding from undisclosed investor

A rupture has occurred in the continuously devolving luck of Robert Sillerman’s event company, SFX Entertainment. According to New York Post, SFX has now received $20 Million in funding from an undisclosed source.

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Life in Color’s Sebastian Solano Named SFX Entertainment Senior Executive

In interesting EDM news, Life in Color co-founder Sebastian Solano was recently announced as SFX Entertainment’s newest senior executive. Taking charge of one of the industry’s largest event divisions, Sebastian will be responsible for two of SFX’s largest properties: TomorrowWorld and Electric Zoo. And while only being on the job for a few days, Solano […]

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Life in Color’s Sebastian Solano takes over as CEO of ID&T North America/Made Event

SFX finds its newest CEO.

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‘I am prepared to move expeditiously,’ Sillerman says in new offer to buy SFX

SFX Entertainment may strive after all the turmoil this summer.

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Beatport halts royalty payments as SFX attempts to privatize

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Beatport is temporarily freezing royalty payments until SFX completes its privatization process.

Beatport halts royalty payments as SFX attempts to privatize was posted by Lizzie Renck, and appeared first on Dancing Astronaut.

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