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.
SFX continues global expansion, acquires 50% of Rock In Rio
A week after announcing its purchase of German promoter i-Motion for $21 million, SFX expanded its empire with a 50% purchase of Roberto Medina's Rock In Rio. Although, no official dollar amount has been disclosed, SFX Entertainment has entered into an option agreement in a newly formed company that will own all assets and operations of Rock In Rio.
SFX acquires Nature One producer and German promoter i-Motion
Robert Sillerman's SFX Entertainment has just acquired German dance event promoter i-Motion, the acquisition was in the works this summer (pre-IPO), but finalized recently. i-Motion operates eight festivals spanning across Germany, Poland, and Belarus.
SFX finalizes acquisition of Made Event, expands influence in NYC region
Robert Sillerman's SFX Entertainment continues to acquire some of the biggest brands in electronic music culture, finalizing its acquisition of New York-based Made Event. As the promotional company behind New York's premier music festival, Electric Zoo, Made Event increases SFX's circle of influence to one of the largest dance music markets in the United States. What was originally intended to be a 70% acquisition, according to IPO paperwork filed a few months back by SFX, has grown to 100% ownership of the Made Event brand -- mirroring the acquisition timeline of ID&T, a company who was also recently fully acquired by Sillerman's ever-expanding brand.