| Formerly | SFX Entertainment (2012–2016) |
|---|---|
| Company type | Private |
| Industry | Event promotion |
| Founded | June 2012 |
| Founder | Robert F. X. Sillerman |
| Headquarters | , United States |
| Website | livestyle |
LiveStyle, Inc. is a Los Angeles-based live events conglomerate founded by media entrepreneur Robert F. X. Sillerman. The company was formed in June 2012 as SFX Entertainment—the new incarnation of Sillerman's previous company of the same name, which was sold to Clear Channel Communications in 2000 and later spun-off as Live Nation in 2005.
The company focuses primarily on live events and other properties relating to electronic music and its associated culture. Its holdings include ownership of various major electronic music promoters and festival brands, such as Mysteryland, Defqon.1 and Electric Zoo, among others. The company also owns Beatport, an online electronic music store, and Paylogic, a provider of online ticketing services.
Growing primarily through the acquisitions of various electronic dance music properties, SFX went public on the NASDAQ on October 9, 2013.[1] However, in 2015, the company began to experience financial issues; in August 2015, the company's stock value fell as low as 91 cents.[2] After a failed bid by Sillerman to buy out or sell the company, and a breached preferred investment, SFX filed for chapter 11 bankruptcy protection in February 2016, and Sillerman stepped down as CEO.[3] In December 2016, the company emerged from bankruptcy as a private company, renamed LiveStyle, and with former AEG Live executive Randy Phillips as CEO and Charles Ciongoli, formerly of the Universal Music Group, as Executive VP & CFO.[4]
- ^ "SFX Rejects Robert Sillerman's $15.8 Million Claim For Court Costs and Reimbursements". Billboard. Retrieved September 14, 2021.
- ^ Mac, Ryan. "The Fall Of SFX: From Billion-Dollar Company To Bankruptcy Watch". Forbes. Retrieved September 14, 2021.
- ^ "SFX Entertainment Files Bankruptcy, CEO Sillerman Steps Down". EDM Maniac. February 1, 2016. Retrieved September 14, 2021.
- ^ Sisario, Ben (December 7, 2016). "SFX Entertainment Emerges From Bankruptcy With New Name: LiveStyle". The New York Times. ISSN 0362-4331. Retrieved September 14, 2021.