Tag: SFX (magazine)

SFXE Stock Fell Another 9.5% Wednesday, Analyst Predicts Bankruptcy

[UPDATED] The battered stock of promoter and EDM culture hub SFX Entertainment (SFXE) fell another 9.5% on Wednesday, closing at $1.04. Yesterday, Wall Street's Seeking Alpha said that SFX was running out. Continue reading

Bruce Houghton on 08/19/2015 in Live & Touring | Permalink | Comments (2)

Tags: bEATPORT, Electronic dance music, Electronic music, Hypebot, Initial public offering, Los Angeles, Public company, Robert F. X. Sillerman, SFX (magazine), Share price

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SFXE Tumbles As Low As $1.03 Tuesday AM, NY Stock Exchange Delisting Now A Possibility

SFXE stock fell another 16.5% on Tuesday morning to $1.12. At one point the stock dropped as low as $1.03 in early trading. If a stock sells for under $1. Continue reading

Bruce Houghton on 08/18/2015 in Live & Touring | Permalink | Comments (0)

Tags: bEATPORT, Billboard Magazine, Chairman, Electronic dance music, Hypebot, Initial public offering, Public company, Robert F. X. Sillerman, SFX (magazine), Share price

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SFX Fire Sale Begins! Sillerman Buyback Fails, Board Explores Options As SFXE Stock Falls 29%

A day after CEO Bob Sillerman missed his deadline to buy back shares on SFX Entertainment and take the company private, the board finally issued a statement that did little. Continue reading

Bruce Houghton on 08/14/2015 in Live & Touring | Permalink | Comments (0)

Tags: bEATPORT, Board of directors, Chairman, Electronic dance music, Flavorus, NASDAQ, Public company, Robert F. X. Sillerman, Select or special committee (United States Congress), SFX (magazine)

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UPDATE: SFXE Stock Drops Another 26% Friday AM As Sillerman, SFX Board Remain Silent

UPDATE 2: SFXE stock fell another 26% in early trading on Friday morning to an all time low of $1.38 after CEO Robert Sillerman missed a Thursday deadline to show he could. Continue reading

Bruce Houghton on 08/14/2015 in Live & Touring | Permalink | Comments (8)

Tags: bEATPORT, Chairman, Common stock, Disc jockey, Electronic dance music, Electronic music, record label, Robert F. X. Sillerman, SFX (magazine), Tomorrowland

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SFX Lost $48 Million Last Quarter Despite 48% Revenue Growth

With a Thursday deadline looming for founder and CEO Robert Sillerman to complete a stock buyback that would take the company private, SFXE reported 3 and 6 month earnings and the. Continue reading

Bruce Houghton on 08/11/2015 in Music Business | Permalink | Comments (0)

Tags: bEATPORT, Disc jockey, Electronic dance music, Electronic music, Environ, Facebook, record label, Robert F. X. Sillerman, royalties, SFX (magazine)

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Beatport Reverses Will Pay Artists, Labels: Read Full Text Of Their Letter Of Apology

After telling rightsholders last week that payments were suspended because funds were "trapped" in the ongoing effort by founder and CEO Bob Sillerman to take parent SFX private, the music. Continue reading

Bruce Houghton on 08/10/2015 in D.I.Y. | Permalink | Comments (1)

Tags: bEATPORT, Chief content officer, Disc jockey, Electronic dance music, Electronic music, record label, Robert F. X. Sillerman, royalties, SFX (magazine), Streaming media

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Music Publishing News Roundup 8.10.15: Kobalt’s AMRA Makes Apple Deal, Apple Music Extends AU Free Trial

Kobalt’s collection society AMRA has entered a deal with Apple Music in the form of its first worldwide digital licensing deal. AMRA, which represents more than 500 independent publishing companies, will. Continue reading

Bob Baker on 08/10/2015 in D.I.Y. | Permalink | Comments (0)

Tags: bEATPORT, Dance music, Electronic dance music, music industry, Music Week, record label, royalties, SFX (magazine), Spotify, Streaming media

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Beatport, SFXE “Unable” To Pay Artists, Labels As Stock Deadline, $100 Million Lawsuit Loom

Beatport looked like a success story creating a leading online hub for electronic dance music and culture. Now its caught in the crossfire, as parent company SFXE struggles to overcome. Continue reading

Bruce Houghton on 08/05/2015 in Music Business | Permalink | Comments (0)

Tags: Apple Inc., bEATPORT, Chief content officer, Chief operating officer, Electronic dance music, Electronic music, Robert F. X. Sillerman, SFX (magazine), Spotify, Streaming media

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Any Artist Can Now Upload Mixes To Beatport, But They’ll Earn Just 5-10% Of Revenue

UPDATED: Beatport has been making some aggressive moves of late, including a partnership to power an EDM channel on Spotify. Now, Beatport is aiming straight for Soundcloud and allowing anyone. Continue reading

Bruce Houghton on 07/31/2015 in D.I.Y. | Permalink | Comments (3)

Tags: Apple Inc., bEATPORT, Chief content officer, Dance music, Electronic music, EMC Corporation, SFX (magazine), Soundcloud, Spotify, Streaming media

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