SFX Entertainment is dead. LiveStyle is born. This doesn’t surprise anyone as SFX Entertainment dug its own grave with the incredible amount of negative press in the last year. The stock alone went from a billion dollar plus valuation to under $10 million. It didn’t help that their founder, Robert Sillerman was considered the Montgomery […]
Founders of Stereosonic Claims that SFX Entertainment Still Owes $10M
Stereosonic was originally created by Australia-based Totem OneLove Group back in 2008. The five founders were originally club promoters named Richie McNeill, Frank Cotela, Dror Erez, Simon Coyle and Peter Raff. These five individuals are now allegedly calling upon the Australian entertainment Lawyer, David Vodicka, to represent them in a lawsuit against SFX Entertainment, Inc. […]
Alda Events Acquires SFX Assets During Bankruptcy Case
After 2014 and 2015 talks of SFX Entertainment making purchases related to Alda Events, it seems as though the tables have turned. The deal was originally going to be for half of the events Alda has involvement in for the price of $23.4 million. Breach of contract occurred when SFX Entertainment did not follow through with […]
SFX Entertainment CEO Steps Down Amid Bankruptcy Court Case
It has come up several times, which SFX Entertainment has filed for bankruptcy. This is affecting shareholders, who bought shares at $12-a-share IPO and have loss of about 5 cents per share, which equals a 99.6 percent decline. For those who don’t want to google this, the investors expected big gains, and ended up losing […]
Founder of ID&T, Duncan Stutterheim Leaves Company
Apparently not all is well in the festival space. It is being reported this evening that founder of entertainment company ID&T, Duncan Stutterheim, has left the company. ID&T is best known for its massive festivals that it holds around the globe, including Tomorrowland, TomorrowWorld and Sensation. Stutterheim leaving the company could likely be linked to the purchase […]