Connect with us

News

POLEMIC: Beatport Offered For Sale!

Published

on

POLEMIC: Beatport Offered For Sale!
SFX Entertainment, which bought Beatport in 2013 ($ 50 million) has officially filed for bankruptcy. The conglomerate needs to resell Beatport and this could be a breath of fresh air in their recovery process. The executive committee has received no fewer than 18 tender offers and is now awaiting approval from the US court to validate the transaction. In 2015, the platform has posted 5.5 million dollars of loss, despite the addition of a streaming dedicated interface in addition to its boutique (history) of legal downloading. Late last year, the world leader Spotify had finally put an end to discussions aimed at merging the streaming offer Beatport with its platform, which brings together henceforth pay 30 million active users. This refusal was then put a blow to morale Robert F.X. Sillerman, who decided in January to step down as CEO. They will only have to wait until May 5th to see who will take charge of the music platform loved by many DJs and electronic music labels.

In 2015, the platform has posted 5.5 million dollars of loss, despite the addition of a streaming dedicated interface in addition to its boutique (history) of legal downloading. Late last year, the world leader Spotify had finally put an end to discussions aimed at merging the streaming offer Beatport with its platform, which brings together henceforth pay 30 million active users. This refusal was then put a blow to morale Robert F.X. Sillerman, who decided in January to step down as CEO. They will only have to wait until May 5th to see who will take charge of the music platform loved by many DJs and electronic music labels.

Hi, my name is Erick Ycaza. I have a BA in Advertising & Graphic Design. This blog is to provide you with daily music news and share my personal style.

ARTISTS OF THE MONTH