Robert Sillerman on Beatport and the buyout — what comes next?
You've probably heard by now that Beatport was bought out by Robert Sillerman's SFX Entertainment for a reported $50 million earlier this week. It's a major move for a company that has acquired several key electronic music promotion and live event companies over the last couple of months. Beatport, however, is the first stake SFX has claimed in the realm of digital music sales and other media-focused ventures.
Robert Sillerman buys Beatport, expands his EDMpire
According to the New York Times Media Decoder, SFX Entertainment has just purchased Beatport for "a little more than 50m." The move is just another step in CEO Robert Sillerman's plans to build a billion dollar EDMpire. With a history of acquisitions like Disco Donnie Presents and Life In Color, as well as, his recent investments into Miami nightlife and the festival circuit, the move comes as little surprise;