• Electric Zoo, Spring Awakening, Mamby on the Beach Lineups Leaked via SFX Court Documents

    Following filing for Chapter 11 bankruptcy, SFX Entertainment, the media conglomerate behind live EDM events like TomorrowWorld, is undergoing massive reconstruction, which means lots of time spent with lawyers. The latest court documents to surface from those legal proceedings inadvertently leaked partial lineups for the 2016 editions of Electric Zoo, Spring Awakening Festival and Mamby on the Beach.

  • SFX To Auction Beatport, Fame House Amid Bankruptcy Proceedings

    SFX Entertainment filed for bankruptcy on Feb. 1 and now we are starting to see how the courts look to restructure the company and its mounting debts. According to new filings in Delaware bankruptcy courts, SFX is looking to auction off one of its most prized assets, digital marketplace and streaming service Beatport. It is also looking to sell off marketing company Fame House.

  • TomorrowWorld 2016 In Jeopardy After SFX Bankruptcy Filing

    Yesterday the unsurprising news broke that former dance music behemoth SFX Entertainment was filing for bankruptcy after nearly a year of mounting debt and a rock-bottom stock price. This has caused concerns about many of their assets like Beatport, Made Event, ID&T and Totem OneLove. Beatport released a statement yesterday saying they were continuing business as usual, while festivals like Stereosonic also commented that they planned to go ahead with their 2016 edition. However it appears as though the financial issues could impact one or more festivals, such as TomorrowWorld.

  • SFX Entertainment Files For Chapter 11 Bankrupcy, CEO Sillerman Being Replaced

    SFX Entertainment has officially filed for Chapter 11 bankruptcy. The move seeks to eliminate $300 million in debt off of the company's balance sheet, provide it with fresh capital and convert the outstanding debt into equity to form a private company - the goal of founder Robert Sillerman throughout all of 2015. One other major change will be a shakeup at the top. Robert Sillerman will be replaced as CEO by a still-to-be-named candidate, but remain as Chairman of the board.

  • SFX Settle Lawsuit Accusing Sillerman Of Stealing Idea Behind Company

    Things appear to be looking a little better for the beleaguered and once might dance music conglomerate SFX Entertainment that has recently been teetering on a potential bankruptcy. SFX has settled its lawsuit, which alleged that the current Chairman and CEO Robert Silllerman stole the idea behind the company.

  • SFX Entertainment Considering Filing For Bankruptcy

    SFX Entertainment has been struggling financially all 2015 and those woes are not going anywhere in 2016. According to new SEC filings, the company is preparing for the worst and considering a bankruptcy as a possible solution to try and get out from under its crushing debt.

  • Live Nation Exec Will Not Join SFX, Spotify, TMWRK Terminate Agreements With Company

    The bad news just keeps on coming for SFX Entertainment. The heaving dance music behemoth thought they had found their man in head of electronic music at Live Nation James Barton to join the executive team in what would have been a coup for SFX, but that deal has reportedly fallen through. In addition to the nullified deal, Spotify's deal with Beatport has been terminated and SFX's contract with TMWRK, the management group for artists like Jack Ü, Diplo and Dillon Francis, has been terminated as well.

  • SFX Entertainment Looks To Restructure Debts, Sell Assets

    It has been a rough year for SFX Entertainment. Chairman and CEO Robert Sillerman has tried and failed twice to take the company private and with the stock in the toilet, he is now seeking outside help to try and restructure the company's mounting debts and sell off some of the valuable assets under the SFX umbrella.

  • Robert Sillerman Withdraws Offer To Take SFX Private

    Robert Sillerman has withdrawn his offer to take the beleaguered dance music conglomerate SFX Entertainment private. Citing market conditions and the company's tanked stock price, Sillerman is deciding to try and stay the course and turn things around as a public company.
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