on Tue Jan 15, 2013 12:33 pm
on Tue Jan 15, 2013 3:10 pm
Kamen wrote:Robert F. X. Sillerman, the media executive who transformed the live music business in the 1990s by combining regional concert promoters into the nationwide powerhouse that became Live Nation, has returned to the business with the first of what he expects will be a string of investments in electronic dance music, the industry’s latest trend.
How'd that work out for Clubplanet?The plan for SFX, Mr. Sillerman said, is still being formulated but will involve using the Internet to connect fans of dance music. If his strategies from the 1990s are a guide, he might also want to deliver this aggregated audience to major advertisers and marketers.
“There’s a wave of interest in attending concerts that have less to do with the specific music and more to do with the experience attached to the music,” he said, referring to the immersive appeal of many large-scale dance events. “Our thought is that the experience of attending an individual event can be perpetuated and made better by connecting the people, not just when they’re consuming the entertainment but when they’re away from it.”
He added, “He brought together promoters who were archrivals, and he brought Wall Street to the rock business.”
Live Nation has also had problems. Since going public in 2005, it has never turned an annual profit. But Mr. Sillerman said he believed that the basic business strategy behind combining multiple concert companies was sound. “The fundamental premise that combining businesses that are inefficient and making them more efficient always makes sense,” he said.
"CAN we monetize that?"??? So, this guy is putting up zillions of dollars without even a solid plan to earn it back?“I’m confident we’ll do an excellent job empowering these kids to be as good as they can be,” he said of the promoters he expected to bring into the fold. “I’m also confident that we will create a better experience for the fans. Can we monetize that? If we can, this will dwarf the first SFX. That’s the whole game.”
on Tue Jan 15, 2013 9:42 pm
Robert Sillerman, entertainment mogul and head of SFX Entertainment, has declared an arms race on EDM enterprises with a billion dollar budget. After purchasing Donnie Disco Presents and the company formerly known as DayGlow, Sillerman has remained relatively quiet — until now. The billionaire has now purchased a large stake in Miami’s The Opium Group, which manages Mansion, SET, Cameo and Mokai Lounge. After acquiring power of a large portion of Miami’s nightlife scene, the rumors continued to surface, and it appears as if Sillerman has just begun an EDM shopping spree.
on Tue Jan 15, 2013 10:00 pm
on Tue Jan 15, 2013 10:06 pm
pod wrote:I love how they don't have the decency to cite us as a source, considering this is old information in our book.
on Tue Jan 15, 2013 10:09 pm
on Tue Jan 15, 2013 10:38 pm
pod wrote:But yeah, most bloggers don't know the traditions and rules of citing your sources. I'm not a professional journalist, but I always give credit where credit is due. When possible. The law allows for journalists to protect their sources.
on Wed Jan 16, 2013 12:59 am
pod wrote:SFX-STAR ISLAND OPERATING LLC
I totally forgot Mansion ran under the Star Island Operating LLC name. So yep. That's that. They got Mokai, Cameo, SET, Mansion.
on Wed Jan 16, 2013 2:41 am
on Wed Jan 16, 2013 3:08 am
SWANK wrote:icon, (...)You're a joke....
norah wrote:HTM has never traveled outside Broward county - what the f does he know?
pod wrote:Yeah, I guess it is the Wild West here.