Billionaire entertainment mogul Robert F.X. Sillerman announced in early June that he'd be making a return to the live entertainment industry, and today he made his second purchase toward that end, acquiring Dayglow productions, which goes by the tagline "The World's Largest Paint Party."
Sillerman announced his intentions to delve into the burgeoning EDM scene, and made Donnie Disco Presents -- the promotion company of EDM guru Donnie Estopinal -- his first purchase. Dayglow is the second in what is expected to be a series of acquisitions, with Sillerman telling the New York Times in June that he was in negotiations with up to 50 other companies, with tentative agreements in place with around 15 of them. It was also reported that his newly-formed organization would be laying out $1 billion over the course of the year to acquire these companies.