SFX and Clear Channel partner up, bring Beatport Top 20 to terrestrial radio
Fourteen years ago Robert Sillerman sold his original concert promotions company, SFX Entertainment, to Clear Channel Communications for $3 billion dollars. Now he takes the second iteration of the SFX brand back to Clear Channel, this time for a market partnership with the radio giant on numerous initiatives including a talent search competition for DJs that will air on stations nationwide. The partnership also features a weekly top 20 Beatport countdown, the music juggernaut that Sillerman purchased in mid-2013 for $50 million.
Beatport closes San Francisco office, lays off entire engineering team
Multiple sources have confirmed that Beatport has laid off its entire engineering team based in the San Francisco office. SFX, which acquired Beatport earlier this year is in the process of cutting teams that are not making money.