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Duncan Stutterheim, the co-founder of major dance music promoter ID&T -- which is responsible for festivals like Tomorrowland, Mysteryland, TomorrowWorld and Sensation -- is stepping down after 23 years at the helm. He took the firm from a small event company in his native land of the Netherlands to one of the major players of the festival marketplace, regardless of genre, over his time as head honcho. He explained his decision to step down in an interview with Dutch newspaper 'Volkskrant' and why he felt out of place in the modern dance music climate. -
SFX Reveals Fan-Study Findings WIth 'Audience Insights Group'
Dance music conglomerate SFX Entertainment has announced the findings of its new study The Electronic Music, Technology and Youth Culture Study, put together by the Audience Insights group. The directive of the group is to study EDM fans and understand their attitudes, interests and behaviors at live events and beyond, while giving marketers a better awareness of how to connect with them. -
SFX Entertainment Posts Net Loss for 2014 After Disappointing Fourth Quarter; EDM Company Predicts Huge 2015
The most headline-grabbing entertainment company of the last few years, SFX Entertainment, is still looking for the big bucks as the EDM-centric promoter reported a weak fourth quarter for 2014 and a net loss of $131 million on the year. -
SFX Entertainment Could Be Going Private, According to CEO Robert Sillerman
Chairman and CEO of EDM conglomerate SFX Entertainment Robert Sillerman has announced a proposal brought forth to the board of directors to buy back all outstanding stock of the company and take it private. -
Robert Sillerman Floats Plan to Buy Back Remaining Public Shares of SFX Entertainment; How Much Is He Offering?
SFX Entertainment may not be a public commodity too much longer if Robert F.X .Sillerman has his way. According to The Hollywood Reporter, the CEO of the electronic music giant has proposed a plan by which he might buy back all the shares of the outfit's stock currently owned by outside sources. -
Bestival Coming to Toronto in 2015
Bestival has made it official: The U.K. festival will be coming to North America in 2015. The festival, founded by Rob da Bank, will be headed to Toronto June 12 to 13, 2015, according to the "New York Times." -
SFX Announces Shake Up of Executive Staff
Dance music conglomerate SFX Entertainment, which owns or have majority stake in companies globally like ID&T, Beatport and Made Event has announced a shake up at the top of the executive food chain. This was expected after a November 2014 investors call revealed that the company was going to do an internal evaluation to see where changes needed to be made and where any overlap lied. The major shakeup lays in the marketing and rewards platform Viggle and a move to consolidate positions with executives at both firms. -
SFX to Relaunch Beatport Pro as Streaming Service
We have become accustomed to hearing about different business maneuvers coming from the SFX Entertainment camp over the past two years, primarily in the form of mergers and acquisitions as the company has looked to expand its global empire over a wide swath of the dance music industry. Robert Sillerman's SFX has slowed its frenetic buying spree in the latter half of 2014 as it looks to consolidate profits and generate more revenue, but the moves have not stopped. It has announced that one of its properties, the popular music-purchasing platform Beatport will now officially enter the streaming space with a relaunched version of its Beatport Pro, via "Dancing Astronaut."The new Beatport music service will offer free, ad-supported streaming to users, according to the "Wall Street Journal." This will give users the ability to listen to Beatport's catalog of music on demand. Beatport currently offers the ability to purchase mixes, which are comprised of Beatport's music library available for purchase via the platform. This will expand the capabilities of listeners and DJs alike to stream music before they purchase.One major hurdle will be to obtain licenses for songs, though focusing on electronic music will make it easier to stay clear of the Big 3. Many big electronic acts, like deadmau5, Krewella, Porter Robinson, Dirty South and Calvin Harris, have signed limited or exclusive with majors deals to take advantage of their large distribution networks. Another major hurdle for SFX will be to comply with copyright laws in different jurisdictions around the world, which is one reason why the global Spotify rollout has not been instantaneous. -
SFX Purchases 50% Stake in Alda Events, Dutch Dance Music Event Promoter
Dance music media and entertainment company SFX Entertainment has expanded its empire once again by purchasing a 50 percent stake in Dutch dance music event company Alda Events. Founded by David Lewis and Allan Hardenberg in 2007, Alda Events hosts events and tours like Armin Only, I AM Hardwell, Amsterdam Music Festival during Amsterdam Dance Event and A State of Trance. Alda Events brought 130 shows to 33 countries throughout 2013 and 2014, which includes multi-day festivals and one-night-only events.David Lewis is co-founder of Armin van Buuren's record label Armada Recordings.According to the press release, the Amsterdam-based company will continue to operate as an independent company under its current CEO Hardenberg. Hardenberg will become the managing director of SFX Global Touring. -
SFX Entertainment Heading toward Major Restructuring Following Festival Season, According to Robert Sillerman
Robert F.X. Sillerman told Billboard in an interview that his EDM-centric company SFX Entertainment would be going under some restructuring when the festival season concludes. We admit we have wondered in the past if there was any structure at all over at SFX or whether the company was just consuming any EDM-based products it could get its hands on, from festivals to the Beatport platform. -
SFX Buys Listn (via Beatport) and Immediately Shuts It Down, Acquires Staff
Beatport is the biggest outlet in the world for electronic music fans to buy their wares, as well as a go-to source for news on the EDM industry. Therefore it seemed somewhat strange that the company would buy Listn, a "social listening app," and immediately announce that it was shutting its new possession down later this year, according to Digital Music News. -
EDM News: Martin Garrix Playing Secret New York New Year's Eve Show, SFX Takes Hit Based on Faulty Stock Tips
EDM News: Martin Garrix Playing Secret New York New Year's Eve Show, SFX Takes Hit Based on Faulty Stock Tips
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