SFX Entertainment EDM Event Producer File For Bankruptcy

SFX Entertainment, the company responsible for major EDM festivals such as Tomorrowland have filed for bankruptcy amidst $300 million in debt. SFX Entertainment are responsible for the massive Tomorrowland and Tomorrowworld festivals and also own a selection…

SFX Entertainment Consider Fire Sale of Assets Including Beatport

SFX Entertainment, an EDM promoter focussing on live events, is looking into a fire sale of its assets after one of it’s events, The TomorrowWorld festival, was left in disarray after torrential weather left many stranded…

Beatport’s Letter to Artists That They’re Freezing Payments

Last week Beatport opened up their streaming service for anyone to upload their tracks for free. This was followed by controversy over the reveal of artist’s only being paid 5% royalties for all profits made…

Beatport Only Paying 5% Royalties On New User Streaming Service

Earlier today Electronic Music store, Beatport, introduced the ability for anyone to upload their EDM tracks to their streaming service for free. As promising an introduction as this is, it is revealed in Beatports terms…

Beatport Now Lets Anyone Upload to Streaming Service

Beatport, an online music store specialising in Electronic music, has made a bold move by introducing a User Generated Content streaming platform reminiscent of SoundCloud. The service was announced by Beatport in the past 24…

Beatport CEO is Leaving – Trouble Ahead for the Music Download Store?

Beatport CEO Matthew Adell has announced he will be leaving his role. Electronic music portal Beatport was founded in 2004 and then acquired by EDM conglomerate SFX in 2013. It underwent a large round of…

SFX Is Firing a Huge Amount of Staff at Beatport – None Money Making Teams Gone

Very interesting reports that Beatport has fired a huge amount of their staff including all engineers over at their San Francisco office. SFX, the dance music juggernaut that acquired Beatport in February, is axing teams…

EMI License Catalogue to Beatport

EMI has just licensed their electronica catalogue to Beatport. It seems like EMI are now going to license their catalogue to pretty much anyone at any price.