Tag: ID&T

SFX Rumored To Let Off Majority Of Dutch Brands Including ID&T

The ongoing debacle that is SFX has finally had its consequences reach Dutch shores. After the sales of music platform Beatport and ticketing service Flavorus, it seems like Dutch dance music mega promoters ID&T, QDance, and B2S are next on the auction (or sales) block. Though rumoured to be a relatively “painless” change of hands, unlike the companies North American ventures, details remian sketchy as to the exact restruscturing and terms of the proceedings. This all comes via Dutch media magazine Quote, whose anonymous sources also haven’t provided much insight outside of the already mentioned news. All this comes as ... Read more

SFX: What Comes Next?

As we correctly predicted, and what is now widespread knowledge, the beleaguered EDM conglomerate SFX Entertainment has culminated a tumultuous few months with, what many felt was inevitable: a declaration of bankruptcy. Officially called a “Restructuring Support and Forbearance Agreement,” the music mega corporation will be forced to undergo a complete financial overhaul beginning with the stepping down of its CEO Robert Sillerman (who will instead be operating under the “chairman” title). This overhaul is one which relies on an ad hoc group to provide over $115 million debtor in possession fees, which would go towards paying the companies existing ... Read more

SFX Entertainment Files For Bankruptcy

It has finally happened. As we predicted last month, SFX has filed for bankruptcy. The dance music colossus is bust, even though it received $20 million in funding in mid-January. In the end, it turns out, the financial struggles, created mainly by a string of expensive takeovers and a crash of its stock price, the holding has coped with in the last year were irreversible. There are some silver linings to be found, however. Globenewswire reports that SFX has will undergo a Restructuring Support and Forbearance Agreement including a commitment from the ad hoc group to provide up to $115 million ... Read more

SFX Considers Filing For Bankruptcy

Just yesterday we published our thoughts on what the biggest stories of 2016 were gonna be, and the end of dance music company SFX was one of them. Not even a day later, the final curtain for the event behemoth appears to come a lot sooner than expected. Because in a new report, SFX has now revealed that it may actually be filing for bankruptcy. See also: This is what’s happening in Dance Music in the year 2016 It is not a secret that 2015 had been an extremely bad year for SFX, the mother company of dance music’s commercial pillars such as Beatport and React. ... Read more

Festival Report: Electric Zoo

The American dance scene has been a sleeping giant for decades, but the last few years have finally seen it come of age. The explosion of EDM has sent shockwaves around the world, but they have been most strongly felt at home in the States. As such dance music is the new rock, massive festivals are everywhere and all the cool kids have turned into fully fledged ravers. One of the driving forces behind this explosion has been Electric Zoo, a New York based festival that has blown all others out of the water. After a tough time a couple ... Read more

Instagram “Celebrity” Drops Insane Amount For Festival VIP

Professional poker player, privileged caucasian, Instagram celebrity, and sometime stuntman Dan Bilzerian has taken festival attendeeship to a new level by dropping some $650K for the ultimate VIP experience at New York City’s Electric Zoo Festival. The festival, which takes place over the first weekend of September on New York’s Randall’s Island, is a 3 day affair and considered to be one of the premiere destinations for dance music in the states, albeit heavily marketed towards EDM. In order to maximize the experience for himself and 200 of his closest “friends,” Bilzerian has ordered some 60 magnums of champagne, 45 handles of ... Read more

Awakenings Descends On New York City For North American Debut

Since 1997, Holland’s long-running outdoor music festival Awakenings has been a go-to destination for techno lovers around the globe. On September 4 & 5, Awakenings will make its way across the Atlantic for its North American debut with a stage at ELECTRIC ZOO: TRANSFORMED. The artists who will make up the stage’s lineup represent a sampling of what Awakenings present at their massive flagship June festival just outside Amsterdam. At Electric Zoo, techno fans can experience the debut of Get Real, the pairing of legendary techno producer and DJ Green Velvet with Claude Von Stroke, a live performance from Henrik Schwarz and ... Read more

Contest: Win A Free Course At The School Of House

Amsterdam-based dance industry education platform ‘The School Of House’ are being generous, as they are giving away a full free course, Event & Organisation, to the winner of the TSOH competition, details of which you will find below. See also: School Of House Welcomes Those Desiring A Career In The Dance Industry The School of House opened its doors this year, and offers a private, in-house education by guest speakers, influentials from the scene and renowned institutions such as Hogeschool Amsterdam, Fontys and ROC.  The program consist of both theory and practice. Students learn about management issues as well as creative ... Read more