Tag: Made Event

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