The Italy-based music label, Art & Music Recording (AMR) has come forward regarding the SFX Entertainment bankruptcy case. They are asking the judge in the case to green light the search into allegations of doctored numbers regarding the Beatport store. This request for research is because Beatport has made claims that individuals who were are not […]
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. […]
Former Beatport CEO, Jonas Tempel Writes Open Letter to the Current Company
When Beatport was created, one of the founding partners was Mr. Jonas Tempel. Worked for the organization from 2002 until 2010 where he sat as CEO of Beatport. Currently, he sits as a chairman for both Factor Design Labs and Moody Recordings. Tempel recently released an open letter to the Electronic Dance Community regarding the […]
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 […]
Beatport to Only Offer Store Options While Suspending the Auction Deadline
According to sources, this Friday, May 13th, Beatport will be removing all options other than the Beatport Store. According to the website, that means that there will be no more streaming opportunities, it will no longer update the Beatport News and Events page. Maintenance and upkeep of the Beatport Mobile App will no longer occur. […]
Australia Falls Victim to SFX Fallout
With $600M in outstanding debts and their bankruptcy filed, SFX repercussions were being felt across the USA. We were told by Totem One Love in February that it would not affect Australia. Come March and the cry being heard around ‘downunder’ is a very different one. Stereosonic has been put into hiatus, which if you […]