Tag: robert sillerman

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 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