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.
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.
Forbes lists World’s Highest Paid DJs, Tiesto’s $22 million snags top spot
Forbes has released a list of the top 10 highest paid DJs, and Tiesto tops the list with reported earnings of $22 million. Skrillex, David Guetta, Swedish House Mafia, and Steve Aoki round out the top five. The list comes at a time when there's a lot of consolidation happening in the market, but if it is going to last, the growth must be carefully planned.