SFX Entertainment Files For Bankruptcy
Sources indicate that Edm conglomerate SFX Entertainment has at last filed for bankruptcy. After a steady decline in stock value since its 2013 Ipo which dovetailed into a disastrous 2015, the company is said to have filed a petition with a bankruptcy court under chapter 11 of the United States Bankruptcy Code as the first step towards arriving at a restructuring agreement.
Founded in 2012 by entertainment mogul Robert F.X. Sillerman, SFX Entertainment’s board of executives intended to more or less monopolize the rapidly growing Edm industry by buying up brands such as Disco Donnie Presents, ID&T and Life In Color. Insiders widely chalk up the company’s decline to mismanagement of its numerous assets, and while it’s difficult to quantify how such a turn of events will affect the market, a contraction of sorts is sure to follow.
SFX Entertainment has not issued an official statement with the details of...
Founded in 2012 by entertainment mogul Robert F.X. Sillerman, SFX Entertainment’s board of executives intended to more or less monopolize the rapidly growing Edm industry by buying up brands such as Disco Donnie Presents, ID&T and Life In Color. Insiders widely chalk up the company’s decline to mismanagement of its numerous assets, and while it’s difficult to quantify how such a turn of events will affect the market, a contraction of sorts is sure to follow.
SFX Entertainment has not issued an official statement with the details of...
- 01/02/2016
- par John Cameron
- We Got This Covered
Nouveautés similaires
Better Than Revenge: Swifties Help Expose Ticketmaster’s Monopoly
- 23/11/2022
- par Krista Brown
- Rollingstone.com
Live Nation L.A. Executive Identified As Voice In The Rubble Of Surfside Condo Collapse
- 19/05/2022
- par Bruce Haring
- Deadline Film + TV
Gary Gunas Dies: Broadway Executive Producer Of ‘The Who’s Tommy’, ‘Jekyll & Hyde’, ‘Ragtime’ Was 73
- 22/02/2021
- par Greg Evans
- Deadline Film + TV
Riley Keough Shuts Down Priscilla Presley Feud Claims: "She's Just Been My Grandma"
- 08/08/2023
- par Alicia Geigel
- Popsugar.com
Lisa Marie Presley, Singer, Songwriter and Elvis’ Daughter, Dies at 54
- 13/01/2023
- par Mike Barnes
- The Hollywood Reporter - Movie News
SFX Entertainment To Sell Off Beatport By May, Fame House Shortly After
- 02/03/2016
- par John Cameron
- We Got This Covered
Life In Color Gears Up For Epic 10 Year Anniversary Festival
- 24/11/2016
- par Connor Jones
- We Got This Covered
3Lau Announces Upcoming World Tour
- 09/08/2016
- par Connor Jones
- We Got This Covered
7 Stories That Made Us Happy This Week
- 01/07/2016
- par Lydia Price, @lydsprice
- PEOPLE.com
IMDb.com, Inc. n'assume aucune responsabilité quant au contenu ou à l'exactitude des articles de presse, des Tweets ou des articles de blog ci-dessus. Ce contenu est publié uniquement pour le divertissement de nos utilisateurs. Les articles de presse, les Tweets et les articles de blog ne représentent pas les opinions d'IMDb et nous ne pouvons pas garantir que les informations qu'ils contiennent sont totalement factuelles. Consultez la source responsable du contenu en question pour signaler tout problème que vous pourriez avoir concernant le contenu ou son exactitude.