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Looks Like Beatport is Being Sold...

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  • Looks Like Beatport is Being Sold...

    According to a story in Billboard magazine, Beatport is being auctioned off. Excerpt: "SFX Entertainment is in negotiations to sell its streaming/download service Beatport, an unsurprising event that will help the debt-laden company pay down its debts. Beatport was acquired in 2013 for $50 million to be an online platform to reach artists, producers, DJs and EDM fans."

    The story has some really interesting tidbits about SFX entertainment in general.
    The first 3 books in "The Musician's Guide to Home Recording" series are available from Hal Leonard and http://www.reverb.com. Listen to my music on http://www.YouTube.com/thecraiganderton, and visit http://www.craiganderton.com. Thanks!

  • #2
    It happens all the time. Internet companies start to notice that other Internet companies are turning into financial black holes.

    It is incredible to me however, how comes that a popular platform can be so deep in debt. The same goes for example, to twitter which has never earned a penny in overall summary.

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    • #3
      Beatport is supposedly being sold to SFX Entertainment for $50 million. As indicated by the New York Times, who broke the news the previous evening on its Media Decoder blog, Robert F. X. Sillerman, who heads up the expanding EDM amusement consortium, is procuring Beatport.

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