SFX selling Beatport

Coral Williamson

SFX is selling off assets, including streaming service Beatport and marketing company Fame House. 

Court filings seen by Music Week show that, while Beatport is still considered valuable to the EDM promoter, "given SFX’s current financial condition, SFX cannot afford to make additional investments in Beatport as may be needed in the future, and therefore, has decided to sell the Beatport Assets".

An auction will take place on May 3, with the sale to be court-approved on May 5. Bids ...

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