Robert Sillerman Looks To Sell SFX Entertainment

Author : Micah
August 15, 2015

Robert Sillerman Looks To Sell SFX Entertainment

sfx rave bamnner

Robert Sillerman, often criticized for bringing wall street into dance music, recently made an unsuccessful attempt to re-privatize SFX Entertainment. SFX has consolidated much of the electronic dance music industry across all sectors, acquiring a number of large companies such as Beatport and ID&T.


On Friday, SFX said that it is considering “strategic alternatives,” such as selling off the company, either in parts or as a whole, and is open to all offers through October 2nd. This announcement comes following record-high quarterly losses and a great deal of recent controversies such as a $100 million lawsuit filed by  his former partner Paolo Moreno and a battle with SFX subsidiary, Beatport, over unpaid royalties. SFX recently announced a second-quarter loss of $48 million, and just this week, its stock has fallen more than 50%, down do an all-time low of $1.39 per share; just two years ago, the company went public at $13 per share, and the price has been steadily declining ever since.