SFX acquires Australia's Stereosonic festival promoter

Tom Pakinkis

SFX Entertainment has acquired the Totem OneLove Group – promoter and producer of Australian dance festival Stereosonic, Creamfields Australia, Solar Music and Outrage festival.

It’s the latest in a long line of acquisitions for the company including Beatport in February and TomorrowWorld parent ID&T in March.

"The acquisition of Totem OneLove Group is an important step as we expand into the huge Southeast Asia market," said SFX chairman and CEO Robert Sillerman in a statement.

"The world-class professionalism of Totem ...

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