Fear Factor Producer Could be Next Operator of Your Favorite Fest
As owner of production companies Endemol and Talpa, John de Mol is one of the most well-known moguls in Dutch media. De Mol is responsible for such hit reality television series as Big Brother, The Voice, Fear Factor and Deal or No Deal.
A report is claiming that the media tycoon has now set his eyes on purchasing ID&T - the subsidiary of SFX that operates Tomorrowland, TomorrowWorld, Mysteryland, Sensation and Electric Zoo, among other EDM events.
The media entrepreneur is no stranger to the dance music scene, as he formerly owned the music publishing company Talpa Music BV with Tony Berk and boasted such clientele as Tiësto, Afrojack and Fedde le Grand.
De Mol has reportedly been involved in acquisition talks with Q-dance-founder Wouter Tavecchio and ID&T lawyer Bas Meijer. Meanwhile ID&T's parent company, SFX, recently sought debt consolidation help from investment bank Moelis & Co.
While there is no confirmation that de Mol will in fact take ID&T under his wings, it's likely that a bid would not occur until after SFX's cloud of what seems to be imminent bankruptcy rains down, further lowering market value.
I'm a storyteller at heart, and music makes my world go round.