SFX Entertainment is an American EDM conglomerate founded by media entrepreneur Robert F. X. Sillerman.
Now filing for Chapter 11 Bankruptcy, and selling off many of it’s assets such as Beatport, The future of SFX Entertainment is shaky.
Formed in June 2012 the company focuses on EDM Festivals and monetizing the electronic dance music (EDM) industry. SFX Entertainment holdings include ownership of many major EDM EDM festivals like:
- Disco Donnie Presents
- Electric Zoo
- Voodoo Experience
- Life in Color
- Rock in Rio
- Nature One
- React Presents
- Flavorus (Ticket Purchasing)
- Many nightclubs in the Miami area,
- Life in Color, and several music oriented web development firms.
SFX Entertainment went public on the NASDAQ in October 2013.
SFX Entertainment, is the largest worldwide producer of live events, EDM, and the electronic music culture (EMC).
SFX’s mission is to provide electronic music fans with the best possible live experiences, music discovery, media and digital connectivity.
SFX hosts some of the leading brands such as Tomorrowland, Tomorrowworld, Mysteryland, Sensation, Stereosonic, Electric Zoo, Disco Donnie Presents, Life in Color, Rock in Rio, Nature One, Mayday, Decibel, Q-Dance and React Presents, as well as the innovative ticketing service Flavorus.
SFX Partners with Mastercard
A multi-year global partnership that will bring innovative technology solutions to the SFX platform and further strengthen MasterCard’s commitment to being an experiential brand in music and entertainment.
What that really means is that they see how much money is being spent by EDM fans and they want a piece of the pie!
MasterCard will simplify everything for SFX by being a technology partner to help the way hundreds of millions of electronic dance music (EDM) fans worldwide can access SFX events, and engage with digital content.
“No other generation of music fans has been more connected and mobile than the millions of EDM fans globally. MasterCard is in the unique position to tailor its Priceless platform and innovative technologies to enable fans to experience their passion in new and exciting ways. Partnering with SFX takes us to a new level as an experiential brand in the entertainment space. The tie-up builds on and strengthens our portfolio of world-class music sponsorships including Justin Timberlake, Beyoncé, the Grammys and the iHeartRadio Music Festival.”
Through its high advanced web platform, MasterCard will also create surprise and delight experiences for fans, starting this fall.
“They are going to make it easier for you to spend money you don’t have at festivals.”
As part of the agreement, SFX will be able to enjoy MasterCard’s innovative technologies with digital and physical platforms including retail ticketing, live events, social networking, and most importantely pioneering a new model for music advertising