LiveStyle CEO Steps Down As Parial Asset Sale Begins

Randy Phillips is stepping down as CEO at EDM concert promoter LiveStyle to serve as a consultant while the company seeks to sell more of its assets. Phillips told Billboard. Continue reading

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FRI. NEWS BRIEF: SFX Post-Bankruptcy OK’d • Beyonce Invests In Startup • Pandora Thumbprint • More

FRIDAY 9.30.16 Music Business News From Around The Web  A new chapter of SFX begins.  Sillerman almost killed the company, but what is it without him? Updated continuously under our More. Continue reading

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AM NEWS BRIEF: SFX Post-Bankruptcy OK’d • Beyonce Invests In Startup • Pandora Thumbprint • More

FRIDAY 9.30.16 Music Business News From Around The Web  A new chapter of SFX begins.  Sillerman almost killed the company, but what is it without him? Updated continuously under our More. Continue reading

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SFX Entertainment Terminates Chapter 11 Restructuring Agreement

[UPDATE 2] The drama surrounding SFX took a new turn with the announcement that it has terminated its pre-Chapter 11 Restructuring Agreement and entered into direct talks with bondholders and creditors.

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UPDATE: Fame House Acquired By UMG For $1 Million, Will Continue To Also Serve Non-Universal Clients

UPDATED: Fame House has always been on the list of non-core assets that a bankrupt SFX thought it could sell.  In the end, only one real bidder stepped up to offer. [UPDATE AFTER. Continue reading

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What’s Happening At Beatport Post SFX Bankruptcy

Following its recent bankruptcy, SFX Entertainment has been forced to put its subsidiary (and dance music industry giant) Beatport up for auction. Here we speak with the people at Beatport about. Continue reading

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INSIDE SFX: Financial Filings Reveal A Deeply Troubled Company

According to detailed financials made public as part the SFX Entertainment bankruptcy proceedings, the troubled promoter fell well short of expectations. At the beginning of 2015, its guidance was $500,000 of. Continue reading

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MON. BRIEFING: SFX Creditor List • Rihanna Redefines Platinum • Tidal Donates $1.5M • WhoSampled • More

Monday 2.8.2016 Music Business News & Views From Around The Web  The fallout from the SFX bankruptcy will eventually touch almost every corner of the music industry. Updated continuously under our More. Continue reading

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SFX Gets Much Needed $80 Million Cash Infusion

The bankruptcy judge overseeing the Chapter 11 bankruptcy restructuring of SFX Entertainment has agreed to let the company draw on $80 million of the $115 million loan which bond holders. Continue reading

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Sillerman Forced Out As SFX CEO, Will Resign Within 60 Days

Crotch grabbing, middle finger pointing Robert Sillerman was controversial as the head of Clear Channel Concerts (now Live Nation) and his "screw you" attitude only become more pronounced as he. Continue reading

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