Skip to main content

Robert F.X. Sillerman, the founder of SFX Entertainment, has died at the age of 71 due to respiratory illness. The New York entrepreneur is most notably known for consolidating a number of U.S. promoter companies back in the 1990s, and he went on to create the company that would eventually become Live Nation. The mogal was a key figure in shaping the modern concert industry into what we know today. 

The Bronx native began his career as a radio and television station owner under his company SFX broadcasting. It grew to become the seventh-largest broadcasting company in the country by the 1990s. From there he expanded his empire to form SFX Entertainment in 1997 by buying up a series of regional concert promoters. The consolidation included San Francisco-based Bill Graham Presents, Ron Delsener's Delsener/Slater Enterprises, Pace Concerts in Houston, and Florida's Cellar Door Concerts. In 2000, after becoming the world's largest producer and presenter of live entertainment, he sold the business to Clear Channel for $4.4 billion. They went on to rebrand the venture as Live Nation. 

Always with an ear to the ground, he noticed the boom that was taking place in the electronic music scene in the early 2010s. In 2012 he launched a new company with the name SFX Entertainment as an electronic music conglomerate and bought up EDM brands. He quickly became one of the key financiers on the EDM festival circuit. 

Scroll to Continue

Recommended Articles

the chainsmokers

The Chainsmokers To Share Stake In Album Royalties With 5,000 Of Their Biggest Fans

The "iPad" producers are partnering up with 3LAU's Royal to make it happen.

PEEKABOO

PEEKABOO Unites With Caspa For Brain-Melting Collaboration, “RELOAD”

The massive release comes just before PEEKABOO embarks on his Hide & Seek Tour.

pjimage (86)

Revisiting Daft Punk's "Silhouette" iPod Ad: May Its Memory Never Die

The Robots' song "Technologic" was featured in a 2005 iPod ad and kicked off a longstanding tradition of electronic music in Apple ads.

The business declined and he went on to file for bankruptcy in early 2016. After Sillerman stepped down due to a number of lawsuits, the company re-branded as LiveStyle. Just this year, the fallen mogul agreed to pay a $179,000 fine to the U.S. Securities and Exchange Commission for diverting company funds to personal accounts, while misrepresenting the finances of his online publishing and entertainment business Function(X).

Sillerman is survived by his wife Laura Baudo. 

H/T: Billboard

Related

vista-del-lago-dal-lato

Man Found Dead In Lake Following Illicit Rave In Italy

The 24-year-old man dove into Lake Mezzano on Sunday night and reportedly drowned.

lollapalooza

Lollapalooza Co-Founder Ted Gardner Dead at 74

In addition to co-founding the iconic Chicago festival, Gardner was a prolific rock manager who worked with Queens of the Stone Age and The Verve, among others.

A black-and-white photo of Disco Donnie Presents Founder Donnie Estopinal with his hands clapping in the foreground.

Disco Donnie Repurchases Disco Donnie Presents From Livestyle

After several years operating under LiveStyle, Disco Donnie Presents is back under the full control of its founder.

Zeds Dead

Zeds Dead Announce a New Album is on the Way

WE ARE DEADBEATS, Vol. 4 won't be their only effort this year.

0_MAIN-Fans-of-Keith-Flint-will-line-a-procession-route-ahead-of-a-private-service-celebrating-his-life-on

Keith Flint's Autopsy Report Shows He Had Drugs in His System

The Prodigy singer had cocaine, alcohol, and codeine when he died.

Imagine Music Festival

Imagine Music Festival Attendee Dead after Tasing by Multiple Police Officers

The Georgia Bureau of Investigation is looking into the 24-year-old's death.