NEW YORK – (November 4, 2013) – SFX Entertainment, Inc. (NASDAQ:
SFXE), the world’s largest producer of live events and entertainment
content focused primarily on electronic music culture (EMC), announced
today that it has acquired Made Event, the premiere electronic music
production company and creators of the Electric Zoo Festival.
“The acquisition of Made is strategically important for SFX, as it
establishes a strong foothold for us in the New York City region,” said
SFX Chairman and CEO Robert F.X. Sillerman. “Co-founders Mike Bindra
and Laura De Palma are the ultimate industry professionals, and our
management team will benefit greatly from their years of experience. We
plan to develop the Electric Zoo brand internationally and have the
opportunity to build other SFX brands in the U.S. with the support of
Mike, Laura and the team at Made.” SFX acquired all of Made in the
transaction, after previously agreeing to acquire 70% of the company.
Bindra and De Palma bring more than 20 years of experience in the
promotion, production, and execution of electronic dance events to SFX.
Made Event has been behind some of the largest and most iconic events in
the industry, presenting world-class talent with the highest standards
in state-of-the-art sound and visual production.
The Electric Zoo Festival is New York City’s largest dance music
festival, with more than 100,000 attendees. Established in 2009, it
takes place over Labor Day weekend on Randall’s Island and features the
top names in electronic music, bringing a wide variety of acts from
around the world and across the spectrum of electronic music’s various
sub-genres.
Made also presents many events throughout the year, such as the
Governor’s Beach Club concert series in New York, Armin van Buuren’s
ASOT 600 at Madison Square Garden, and recent sold-out shows by Hardwell
and Benny Benassi. It is also a regular contributor to New York-based
art and culture charities.
“After years of independence, we couldn’t be happier about our
venture with SFX,” said Bindra. “To date, SFX has brought together the
top companies and individuals in the electronic dance music industry.”
De Palma added, “The SFX team of industry leaders will provide a
network of opportunities, allowing us to expand our vision of presenting
the highest caliber, fan-focused electronic music events in exciting
and innovative environments around the globe.”
SFX’s stock began trading on The NASDAQ Global Select Market on
October 9, and the company will file its third quarter 10-Q report on
November 22.
Credit : GrooveFox Radio
