SFX Entertainment founder Robert FX Sillerman has penned a farewell letter to staff after officially stepping down as CEO.
The EDM promoter, which is a stakeholder in events including Awakenings, Sensation, Nature One, Electric Zoo and Rock in Rio, filed for bankruptcy earlier this year after a debt-for-equity swap with bondholders, which saw its $300 million debt wiped from its books. SFX's largest creditors are some of its own promoters.
In his farewell address, Sillerman (pictured), who will remain ...
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial