As noted in the Securities Exchange Commission document, however, these acquisitions are listed as "probable" and their "consummation remains subject to closing conditions."
Billbaord reachd out to Made Event, who declined to comment on any business transactions.
The SEC document also revealed previously unreported price tags for SFX’s first set of acquisitions. Disco Donnie Presents, the company of legendary rave promoter Donnie Estopinal, went for $9 million; dance/paint party promoters Life In Color for $12. million; and an 80% stake in Miami nightclub operators MMG for $16.9 million.
SFX IPO: Betting on EDM’s Growth Potential
The public filing was a divergent path from the one taken by CEO and Chairman Robert F.X. Sillerman with SFX’s original incarnation in the 1990s, during which the company bought up independent concert promoters, then flipped the rollup to Clear Channel for $4.4 billion in 2000. That company was spun off into Live Nation in 2005.
While SFX’s targets have been companies flourishing under the EDM boom, the term “EDM” only appears in the document in reference to SFX’s initial name for the venture, SFX EDM Holdings, now a wholly owned subsidiary of SFX. Instead, the document champions the term “EMC,” or “electronic music culture,” used by SFX Vice Chairman Shelly Finkel on panel discussions at several EDM-focused conferences this year. “EMC” is defined as “a global generational movement driven by a rapidly developing community of avid followers among the millennial generation.”
Despite the youth of the target market, SFX’s 15 listed executives, all male, have an average age of 55, with six over 65, including Sillerman and Finkel.