SFX is back in the news, as they go through their assets during the majority of the bankruptcy case. With such bad publicity like: It coming to light that they must file for bankruptcy The company begins cancelling festivals like TomorrowWorld They begin auctions on their assets It comes out that they have partial lineups that begin getting leaked And […]
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 […]
SFX Entertainment Bankruptcy Case Releases Partial Lineups for the Majority of 2016
SFX Entertainment has been in the news pretty often recently because of their Bankruptcy legal case. They have had to cancel an event and auctioning assets like Beatport, Inc. The latest update is that SFX has documents that list partial lineups for some of the biggest festivals that have happened and that are happening in 2016. An interesting aspect […]
TomorrowWorld 2016 Cancelled
For those who don’t remember, Chattahoochee Hills had a terrible amount of rain during the TomorrowWorld 2015 festival weekend of September 25th to 27th. This resulted in a lot of upset patrons because with all the mud vehicles couldn’t move and a lot of the guests were stranded or weren’t allowed to attend the […]
Beatport is Being put Up for Auction
It has come out today that Beatport, the digital music store where many people go to find their favorite electronic tracks, is up for auction. SFX Entertainment, the company that filed for bankruptcy earlier in 2016 announced that they would be putting Beatport up to auction. In the filing for bankruptcy, court documents showed that […]
SFX Entertainment Files for Chapter 11 Bankruptcy
Earlier this morning, SFX Entertainment filed for chapter 11 bankruptcy. No, you do not have to panic as your favorite festivals by them and Beatport aren’t shuttering their doors any time soon in the relative future. What this actually does is “execute a deal that wipes $300 million in debt from its balance sheet and […]