Yesterday the dance music world learned that SFX Entertainment officially filed for chapter 11 bankruptcy, the latest step in the company’s attempts to take the company back private and out of its seemingly never-ending financial woes.
SFX Entertainment holds a large portfolio of dance music entities and festivals across the United States including Beatport and the American version of Belgium’s famed Tomorrowland. While the former released a statement that things were business as usual, news coming out of TomorrowWorld’s camp were not as positive.
Local outlet Georgia Unfiltered reached out to Tomorrowland spokesperson Debby Wilmsen about the future of the festivals in Belgium, Brazil, and the USA. Key parts of her statement distance the Brazilian and Belgian editions of the festival series from the event that takes place each fall in Atlanta, Georgia:
“Since 2013 we have collaborated with SFX for the foreign editions of Tomorrowland held in the USA and Brazil. However, we have noticed that our vision and goals, including a long-term strategy, are different from those of the publicly listed company.”
Wilmsen went on to assure that while the future of TomorrowWorld is uncertain, Tomorrowland and Tomorrowland Brasil will remain unaffected: “The Chapter 11 procedure will have no consequences for Tomorrowland in Boom,” she says. “The festival in Belgium is created, organized and managed for 100 % by the Belgian team. Tomorrowland Brazil will also take place as planned two months from now in Itu (Sao Paulo). Tomorrowland Brazil is being organized in close consultation with the Belgian team by a motivated Brazilian team that is able to work independently of SFX in North America for all aspects of the event.”
Read the full statement on Georgia Unfiltered.