SFX continues to expand its influence, acquires Arc90, Tunezy and Fame House
After recently announcing the complete acquisition at ID&T at this year's Amsterdam Dance Event, as well as making history as the first dance music entity to go public on the NASDAQ, Robert Sillerman's SFX Entertainment continues to expand its circle of influence. In a move to consolidate its position in content, the conglomerate has recently acquired Arc90, Tunezy and Fame House. Arc90, best known for the Readability app, is one of the premiere mobile and web app developers in the market while Fame House represents SFX's move to become a fully comprehensive digital marketing machine. Canadian start up, Tunezy, is perhaps the most interesting of the acquisitions. The company has only just recently raised a round of funding and although it boasts 10 million users on its streaming service dedicated to independent musicians, the move may be a bit hasty -- especially with Spotify and iTunes stranglehold on the streaming music market.
ID&T announces 100 percent sale to SFX; CEO Duncan Stutterheim will head European office
On Thursday, the 2013 Amsterdam Dance Event held a highly anticipated Q&A session with SFX head of acquisitions Shelly Finkel and ID&T CEO/Founder Duncan Stutterheim where they announced SFX's 100-percent ownership of the Dutch event production company.
SFX Entertainment prices IPO at $13 a share; company valued at $1.05 billion
Electronic Dance Music enters a new beginning as SFX Entertainment tests the waters of Wall Street. If you recall, SFX was founded last year by media mogul Robert Sillermain who claimed to spend 1 billion dollars to acquire dance industry assets, yesterday their IPO was priced at $13 a share.
Live Nation set to buy one half of Insomniac for $50 million
Rumors have been swirling in the dance music world for months about the future of Pasquale Rotella's beloved Insomniac Events. According to multiple unconfirmed sources, bidding wars had been taking place for quite some time (SFX even offered a reported $100 million for the company) but the Wall Street Journal has just reported Live Nation has won out for now.
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.