Tag: tomorrowworld

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