The CK stands for content is king, while the X is a reference to one of his middle initials (they are F.X., and he wont tell anyone what they stand for). The company was sold to Clear Channel in 2000 and became the basis for Live Nation five years later. After the sale, Sillerman went on another buying spree, purchasing the rights to Graceland, the Elvis Presley Estate,Simon Fullers 19 Entertainment and an 80% stake in Muhammad Ali Enterprises. At Fridays price of 91 cents, SFXs shares are down 93% from its IPO price. What we wanted to do was to take this to another level. Lisa says that she, her mother, and Soden had spoken for years about bringing in outside investors and/or management, but nothing clicked. Mr. What would be the ultimate winning scenario for Sillerman? I ask Lisa about Sillermans plans. Anyone can read what you share. And there are between 105 and 110 scheduled for next year.. Robert F.X. This is a BETA experience. Mr. Sillerman gained control of the Presley estate. How big will CKX become? Function (x) Founder Education Robert FX Sillerman studied at Brandeis University. [30][31], In an interview with Billboard, Sillerman admitted that there were "no easy answers" surrounding why the company collapsed, but added that he didn't "begrudge the disappointment and anger" of his staff because he was just as disappointed over the company's performance. In that spirit, he named Kermit the Frog as the 1996 commencement speaker: 31 newspapers picked up the story, a free marketing bonanza that raised the college's profile and drew hundreds of new admissions. As a business, though, Elvis has been stagnating. But if you walk down the street, youll be hard-pressed to find somebody who doesnt know what it is. He has unbounded energy when it comes to business. Michael Sillerman died in 1980, just when his sons career was taking off. He also carried heavy personal pain after the suicide of his 18-year-old daughter Mackinley in 2012, losing his only child in the home he shared with his wife Laura Baudo Sillerman. Estopinal says he last saw Sillerman at a deposition, but he remembers sending Sillerman a note after the bankruptcy, acknowledging the failures of SFX while also thanking him for the opportunity to be part of the company. This isnt the first time Sillerman has failed to live up to his word when trying to buy back a company he listed on the public markets. An October IPO on the NASDAQ raised $260 million for the company with shares priced at $13, but in the space of two-and-a-half years, the price of the company dropped to a penny a share. He often named his companies using some combination of those initials. His father Michael created Keystone Radio Network and syndicated the popular show Lassie, but went bankrupt in 1961 and passed away in 1980, according to the book. He rides into town and leaves with all the money and the women. In 2010, he re-emerged with a second strings-attached take-private bid, but CKXs board chose to sell the company to Apollo Global for $5.50 a share, a bruising result for investors. Think of how we can continue to expand the show, says Fuller. Backstage at The Ed Sullivan Show, 1956: Elvis with the host and manager Parker (left). Robert F.X. Then there are concert tours and merchandising. Sillerman denied this when talking to FORBES, noting that he never founded the company with Moreno and stopped working with him after learning of past legal run-ins, a conclusion that Feldman also disputes. Robert F.X. "[9], On February 8, 2011, Sillerman announced an agreement to acquire control of Gateway Industries, Inc. (GWAY.PK). Sillerman also bought the business of sports superagent David Falk (he repped Michael Jordan, among others) and other pieces of the sports world, such as figure-skating championships. Sillermans actions signaled to the market that he saw significant value in SFX. [2][3], Sillerman was born to a Jewish family in New York City, and was raised in the Riverdale neighborhood of the Bronx, the son of Estelle (Levande) and Michael McKinley Sillerman. Embattled music executive Robert Sillerman, who founded the company that would eventually become ticketing and concert giant Live Nation, has died at the age of 71. When he did sell to Live Nation, the number was closer to $100 million the only thing that changed was were out there buying promoters., Dance music was rapidly growing in popularity with ticket sales increasing by nearly 30% from 2011 to 2012, but most electronic promoters were putting everything they owned into the next show, explains Estopinal. But the flattening rates for top acts may be symptomatic of demand, a signal that EDM more broadly is approaching a saturation pointand that pouring more money into creating more festivals, Sillermans plan all along, is not a viable strategy anymore. He wants to do what we want to do. Like what? Sillerman worth at the age of 71 years old? Im not very knowledgeable about real estate, he reportedly told the New York Post at the time. But the company had no serious strategy, a former employee told Billboard at the time, and Sillermans frequent misrepresentations angered investors, including a plan to take the company private in May 2015 that collapsed when it became clear that Sillerman didnt have the $700 million needed to finance the deal. Sillerman stood stone-faced on the cover of Billboard magazine. [14] After selling SFX Entertainment, Mr. Sillerman pursued various entertainment projects. [13] The first product the company produced was called "Viggle", released in January 2012, which used a mobile app as its primary interface. Elviss legendary manager, Colonel Tom Parker (a.k.a. Sillerman was known for pushing the envelope. It had earlier been trading on the NASDAQ exchange. A year later, Sillerman was pushed into bankruptcy over an unpaid $7.4 million promissory note to React Presents during the SFX rollup. And she had a great sense of humor., Here then are the terms of the deal between Sillerman and Lisa Presley: CKX paid $114 million for an 85% interest in Elvis Presley Enterprises; Lisa retains the other 15%. The transaction renamed the company to Function (X), Inc. and changing its listing on the stock exchange to FNCX. Sillerman, Concert Industry Consolidator, Dies at 71 By Roy Trakin Mark Chilvers/The Independent/Shutterstock Robert F.X. Those companies promised two things. He followed the 1998 sale with a Feb. 29, 2000, deal that Playbill called a quantum leap on the first Leap Day of the century, selling his concert and theatrical production firm SFX Entertainment to Clear Channel for $3.2billion. Sillerman, Concert Industry Consolidator, Dies at 71 Roy Trakin November 26, 2019, 6:02 PM Click here to read the full article. I have never had one single boring day., CKX has a 90-year lease on Elviss home.Richard Berkowitz Getty Images, Soden, who will continue running EPE in the new company, enhanced the Elvis business by expanding into merchandising and licensing. And then in early 2000, lightning struck again. The company also held a stake in Morra, Brezner, Steinberg & Tenenbaum Entertainment, the management company for Woody Allen, Robin Williams and Billy Crystal. Helped by federal deregulation of radio ownership rules, the two were able to quickly amass a chain of more than 70 stations, which they sold in 1997 to a larger rival, Capstar Broadcasting, for $2.1 billion. With so many formats vying for consumers attention, content is king. In September 2012, Sillerman announced his biggest project to date on the cover of Billboard, sporting a black leather jacket, a global-shaped disco ball and a handkerchief in his pocket that famously read FOff., Its a universal statement, Sillerman told Billboard writer Kerri Mason. And they said they would synergize their content. Another show with legs? At first, advertisers and investors flocked to the new SFX. Robert Sillerman and Laura Baudo Sillerman attend NEW YORKERS FOR CHILDREN 2007 Fall Gala at 583 Park Avenue on September 18, 2007 in New York City. He passed away in his sleep on Sunday at the age of 71. As big as Sillermans ambitions, perhaps. Sillerman was the owner of a range of television and radio stations during the 1970s and 1980s, In 1993 he formed SFX Broadcasting, and then built SFX Entertainmenta concert and stage performance promoter that was sold to Clear Channel in 2000 for $4.4 billion. [35] For thirteen years, Sillerman served as the Chancellor of Southampton College and is the founder of The Tomorrow Foundation. In the mid-1970s he scraped together $600,000 and enlisted Cousin Brucie Morrow, then one of the top deejays in the country, to become his partner and buy a rock & roll radio station in Middletown, N.Y. Bob can sell igloos, says Morrow. He refounded SFX Entertainment in 2012 as a promoter of electronic music festivals; that company is now known as LiveStyle. SFX raised $260 million in its initial public offering. At Ingalls he met a young copywriter, Laura Baudo, who would become his wife. In 1993 he founded SFX Broadcasting with a partner, R. Steven Hicks. With reporting from Sue Radlauer and Zack O'Malley Greenburg in Jersey City, N.J. Few suggest the genre is decliningnot yet, anywaybut theres evidence that points to a plateau. Billboard is a part of Penske Media Corporation. A serial media-industry entrepreneur, Sillerman was best-known at the time for buying up concert promoters under the rubric of SFX Entertainment and, in 2000, selling them to the radio giant. SFX grew into the nations seventh-largest chain and sold its 71 radio stations for $2.1 billion in 1998. Posh Spice). . Sillerman's income source is mostly from being a successful Executive. You and I buy a couple loaves of bread, Bob buys the bakery, Morrow told Budnick and Baron of Sillermans sales abilities, which by 1988, netted nearly $1 billion value in broadcast assets. What kind of person would grow up to have business dreams like these? Steve Hicks left to join another radio venture after a few years, and in 1997, Sillerman sold SFX, which then owned some 70 radio stations, to Hicks Muse for $75 a share, or $2.1 billion. American Idol is the No. 19 did some $92 million in revenues last yearwith about a third coming from the Idol showsand earned $12.6 million. Sillerman was eventually pushed out of the company by creditors and it re-emerged as LiveStyle in 2017 with entertainment veteran Randy Phillips at the helm. [12], In May 2009, Credit Suisse filed a request for summary judgment in New York State Supreme Court, alleging Sillerman had failed to pay the outstanding balance due under a credit agreement with Flag Luxury Properties LLC and that Sillerman defaulted on a series of payments due since April 2008, totaling $21.4 million. Maglan Capital, an owner of roughly 1.5% of SFX Entertainment's outstanding stock, called Sillerman's $4.75 a share go private offer "a way low-ball bid." They said music doesnt work on TV in America. Sillerman and Shelly Finkel, his close associate and SFX's eventual vice chairman, hardly listened to the music but saw the opportunity in what they believed to be the millennial generations rock and roll. He. Robert F.X. That didnt work out, but when we started talking, Insomniacs acquistion price was $10 million, he said. They had a per diem, and they were missing meals and saving money so they could buy more stuff at the shop. Soden has escorted everyone from William F. Buckley to I.M. Todays star- making machinery is half-a-century and light years away from that process. The app will also display the social media activity for other shows at the same time, along with what rewards are available for changing the channel to competing programs. The massive property that was assembled from four different plots of land has just hit the market for a staggering $150 million. Young Sillerman graduated magna cum laude from Brandeis in 1969 after becoming immersed in counterculture politics and rock & roll. Can we monetize that? Sillerman the former owner of Graceland who consolidated radio stations and concert ticket sales has sold for $7.7 million. He was an executive. We had to do something right away to make money, and that something was to open up Graceland for tours., On the first day Soden and Elviss ex-wife, Priscilla, opened up the Memphis mansion, 3,024 fans filed in, paying $5 each. Elvis sighting: Owner, icon, and fan in downtown Manhattan. Former SFX Entertainment founder Robert Sillerman has agreed to pay a $179,000 fine after the U.S. Securities and Exchange Commission charged the businessman with fraud and illegally diverting fund Sillerman stood stone-faced on the cover of Billboard magazine. Nearly three years ago, Robert F.X. This is a long-term perspective, [but] a 10% return on equity from our perspective would be insufficient.. The top contestants on the show are signed to Sony BMG, and 19 gets 10% of their recording revenue. Elvis's 37-year-old daughter and heir, Lisa Marie, has . Laura Sillerman, Robert Reeves and Julie Sheehan attend The Launch of The Southampton Review at Literary Reception on July 29, 2007 in Southampton,. Industrial Media. EDM Mogul Bob Sillerman Finds a Buyer for His $28 M. Townhouse. So in the middle of one night, Bob and I took off all of our clothes and ran back and forth in front of the glass naked. Robert F.X. Lisa Marie Presley, Elvis' daughter, had sold the majority of Elvis Presley Enterprises, . He sold the company SFX Entertainment to Clear Channel for $4.4 billion in 2000. Its a word Ive never liked. They wanted to marry content with distribution, where CKX will not be in the traditional distribution business. [7] The company was merged at the end of 1989 with a unit of Westinghouse Broadcasting in a then record-setting transaction worth $727 million. SFX bought up enough stations to become the nation's seventh largest chain. Hes probably smartest person Ive ever met, saidShelly Finkel, a longtime boxing and music manager who co-founded SFX with Sillerman in 2011. Fullers company doesnt get a direct share of ad revenues from Fox; rather, it receives a $1.2 million fee per episode. The New York entrepreneur is most notably known for consolidating a number of U.S.. Sillerman. Only Mike Darnell [at Fox] got it straight away., Man in the middle: Simon Fuller (in back) with Idol stars Kelly Clarkson, Ruben Studdard, and Fantasia Barrino.Ray Mickshaw WireImage/Getty Images. By the time Mr. Sillerman began buying radio stations in the late 1970s, he was using a new name: Robert F.X. As of December 2013, Viggle companies had a combined 17 million monthly users. By then Sillerman was already toiling away on his next project, SFX Entertainment, a company that would own concert venues and other media properties. Though the Elvis business isnt that big yet, it gives us a window into how Sillerman operates. Investor Robert Sillerman is combining the King, American Idol, and other entertainment assets to build his next media conglomerate. That greatly reduces the number of viewers who DVR it and skip the commercials. Part of that underwhelming reality may have to do with the public relations nightmares that can occur while running EDM festivals. He loves to party. The truth is, for all of Elviss transcendent mystique, EPE has never been much of a business. Once on the Forbes 400 list, . Yes, Elviss core fans are aging, but young people still are drawn to the man with the oversized Q-rating. He declined to comment for this story via email. Beyond the lawsuit, questions have also been raised about the fundamentals of a business that some analysts said relied on what they deemed a cultural fad. Attracting funds, at least at this point, wont be a limitation. Its funny, when we needed money we had a difficult time raising it. If we can, this will dwarf the first SFX. In some ways, thats good news for Sillerman and SFX: the cost of talent is no longer skyrocketing. So he offered investors a lower price, $12 a share, and the sale was extended even longer. Some $20 million. 2023 Fortune Media IP Limited. CKX also gets the publishing rights to 650 songs, but owns the more valuable royalty rights to only the few songs Elvis recorded after 1973. Robert FX Sillerman (born 1949) is an American businessman and media entrepreneur. [19][20] In July 2015, Viggle had more than 9.5 million registered users across all properties, up from 5.4 million registered users at the end of 2014. The second floor boasts two main bedroom suites with ensuitemarble bathrooms, woodburning fireplaces and a large planted terrace. Man in the middle: Simon Fuller (in back) with Idol stars Kelly Clarkson, Ruben Studdard, and Fantasia Barrino. But when the so-called "go shop" ended, Sillerman didnt have the financing to cover his bid. At that time it was very exciting, but the mergers didnt work in the U.S. in the way we thought they would, Finkel said. Among them was former Beatport CEO Matthew Adell, who stepped down less than two years after selling his company for $50 million in early 2013. Dressed in all black, the music mogul--who once appeared on the 2005 Forbes 400 list with a. By that time Mr. Sillerman had turned his sights on another industry ripe for consolidation: the nationwide concert circuit, which had long remained a loosely connected network of venues and promoters who operated regional fiefs. We took on more debt than I felt comfortable with, she says. He made billions of dollars in two huge sales, but died in bankruptcy, pursued by the government and suffering the painful complications of a decade of throat cancer, eating out of a feeding tube and findingit increasingly difficult tobreathe. They acquired additional radio and TV stations, including WALL and WKGL (Middletown, New York); WJJB; (Hyde Park, New York); WHMP (Northampton, Massachusetts); WLOM (Orleans, Massachusetts); WRAN (Randolph, New Jersey); WPLR (New Haven, Connecticut) and the television station WATL (Atlanta). To Sillerman the soft patch was an opportunity to reload. He sold the company in 1971, and then launched I P+E, a sales marketing and promotion company. But an informed source says that Lisa Presleys spending habits were also an issue: She had been running through $5 million to $7 million a year, amounts that closely matched the annual net income of EPE. CKX already carries a load of goodwill, $14 million from the Presley deal, and $111 million from the 19 transaction. Robert F.X. That seemed to sum everything up., A daily briefing on what matters in the music industry. With a market value of $1.1 billion, is CKX overvalued? He doesnt want to mess with anything. Bear Stearns analyst R. Glen Reid says to also look for a 2,000-seat Elvis theater in Vegas. He set up what became his signature company, SFX, which he took public in 1993 at $15 a share. On the subject of corporate partnerships, Sillerman said he underestimated the time it would take to sign up sponsors for SFXs events. But then to discount the price the way that it did was a self-fulfilling prophecy in that discouraged other bidders, which was unfortunate and had an implication on me and my financing., Established SFX festival events like Tomorrowland in Belgium attract thousands every year, but it's [+] unclear if newer events will have the same kind of draw. The third and fourth floors boast a bedroom with 20-foot ceilings, a woodburning fireplace, two bathrooms one of which has another woodburning fireplace and two dressing rooms. That business was built from a spree of acquisitions from 1997 to 2000 when Sillerman bought up Houston outfit Pace Concerts, New York promoter Delsener/Slater enterprises, Boston big man Don Laws Blackstone Entertainment, Los AngelesAvalon Attractions, Jack Boyles Cellar Door International, Bill Graham Presents in Northern California and Jimmy Koplicks 4,800-seat Oakdale Theater in Wallingford, Connecticut. No question we could build a convention-sized hotel here, says Soden. He wa SFX CEO Entertainment Robert F.X. The lawsuit is set to go to trial in October in a federal court in Los Angeles and has been one of a handful of elements to weigh heavily on SFXs stock in the last year. [36] Sillerman was also a donor and fundraiser for the Democratic Party in the United States. 19 is the brainchild of Simon Fuller, whom Sillerman describes as a cherubic bundle of nonstop creative energy. Fuller started out as a talent scout in the 1980shis company is named after a hit song by an artist he manageddiscovering and working with British rock groups like Spandau Ballet, Billy Idol, and Ultravox. Mr. Sillerman called it an inside joke. I just love it.". Now that Im a part of CKX, I have the resources to do three or four. Sillerman hopes thats a positive, not a negative. Sillerman became one of the most intriguing and wealthiest men in the media business but died in bankruptcy, pursued by the government and suffering the painful complications of a decade. Robert Sillerman stepped down as CEO of SFX Entertainment in February, but the story between them continues. (Per capita, Canadian Idol is much bigger than its U.S. You either have to grow or go down. In other words, Elvis is a classic buying opportunity: The underlying fundamentals are sound, but current management has been unable to take the business to the next level. 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Brucie and Bob bought more stations and worked their magic on operations. ), Sillerman, who had extensive exposure to the rock & roll business as a radio executive and concert promoter, realized that owning the rights to a rock act could be a great business. The Securities and Exchange Commission today charged New Hampshire resident Robert F.X. He graduated from Brandeis in 1969 and, three years later, sold Youth Marketing Consultants to Ingalls, an advertising firm in Boston. . The guy didnt have any energy, says Morrow. Sillerman, 57, a Wall Street operator with a long history of minting money in the . [29] In December, the company went private and was renamed LiveStyle, with Sillerman exiting the company in favor of former AEG Live executive Randy Phillips as CEO. A crucial part of his strategy was using the nationwide audience at SFXs shows to lure sponsorship deals by big consumer brands like Smirnoff and Levis. Sillerman paid $196 million to buy 19 Entertainment. Once on the Forbes 400 list, he also briefly owned the WLAF's New York/New Jersey Knights. Says a top Wall Street banker: Hes a very smart guy, but I dont think you want to be sitting on the other side of the negotiating table from him.. 19 is currently renegotiating the fee for next season, and some think the ante could be upped to $2 million per episode (though a reported flap over American Idol judge Simon Cowells compensation could be complicating matters). Robert F.X. CKX has the rights to the Elvis name, image, likeness, and trademark, which are currently used in 100 or so merchandising and licensing deals. Robert Francis Xavier Sillerman (April 12, 1948 November 24, 2019)[1] was an American businessman and media entrepreneur. His timing seemed impeccable. Sillerman, Self: 60 Minutes. When Mr. Sillerman tried to corner the fractious world of dance music festivals in the early 2010s, for example, he played the part of a devil-may-care rebel to a sometimes puzzling extent. Robert F.X. Inspite of the distractions, he explained that he is 100% committed to do a deal to take SFX private and is in robust conversation with several people that want to participate with him. unclear if newer events will have the same kind of draw. Im also confident that we will create a better experience for the fans, Mr. Sillerman said in an interview with The New York Times. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. And I haven't a fucking clue what they do or what they're talking about. Some people loved Bob and some people hated him, there was no middle ground, said James Disco Donnie Estopinal, a New Orleansdance promoter now living in Puerto Ricowho served as Sillermans deal maker and helped bring in the dance promoters that would come to form the new SFX Entertainment. Thats the whole game., Robert F.X. He was never really at 100%.. (Photo: Robin Marchant/Getty Images). Sillerman, 57, a Wall Street operator with a long history of minting money in the media business. I should get a waterproof one for the shower., At this particular sit-down, when Sillerman gets around to talking about CKX, he says, Technology is breaking down the old lines of distribution. Within a matter of weeks it is likely that CKX will announce some sort of Elvis Presley or Graceland-themed casino in Las Vegas. Early rewards included gift cards to retail establishments. Which would seem to be a naturalElvis and Vegas go together like peanut butter and bananas. At the time, Sillerman said he expected to deliver equity and debt financing on the billion-dollar deal when a 60-day sale process was completed. He was also starting to run afoul of the SEC an audit by the firm BDO of his company Function(x)found that Sillerman allegedly broke the law when he transferred $6.1 million into his own personal account and withdrew $500,000 in cash with no explanation and no supporting documentation. Sillerman settled the case with the SEC in June, agreeing to a $179,000 fine and a ban from holding an officer or director role at any public company. Down the road EPE may construct more Graceland-like properties in places such as Dubai and Macau, and perhaps develop a concept similar to the Hard Rock Cafs in Europe. But Mr. Sillermans success ran out in recent years when he tried to repeat his concert model with a new version of SFX Entertainment, this time going after electronic dance music, or EDM a bull market in 2012, when Mr. Sillerman opened the company with a $1 billion war chest. The founder of SFX Entertainment rarely spoke about the impact of his daughter's death but his friends say it weighed on him and changed his outlook. By day he majored in political science, while by night in 1966 he launched Youth Market Consultants, offering fellow students discount magazine subscriptions while advising marketers on how to target the teen set. Read the original story on The New York . In addition to Mr. Sillermans brother, Ms. Baudo Sillerman survives him. [15][16] As of the end of 2013 Viggle had about 3.7 million users. Sillerman had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. Bob went out and taught salespeople; I taught the on-air staff. I know nothing about EDM, Sillerman told Billboard in Sept. 2012. Sillerman, an investor and media executive who built and sold radio empires, controlled the Elvis Presley estate and consolidated the American concert industry, died on Sunday. Ive tried to get him drunk to get him to tell me, says Brucie. (Photo credit: Jonas Roosens/AFP/Getty Images), Increase Website Performance With Three Metrics, Europe Is Lagging Behind In Developing Large AI Models, Deepfakes - The Danger Of Artificial Intelligence That We Will Learn To Manage Better, Overview Of How To Create Deepfakes - Its Scarily Simple, Ukrainian Startups Showing Resilience In A Time Of War, Worried That Your Phone Is Spying On You? All rights reserved. Mr. Sillermans plan transformed the concert industry even as it drew complaints, which still linger, about rising ticket prices and the outsize power of a centralized super promoter. The company controlled the rights to booking the venue but did not own it. When SFX went public in Oct. 2013, businesses the company owned or was in the process of acquiring earned $14.6 million in adjusted EBITDA on combined revenue of $239 million. Industry sources suggested that a possible buyer could be Live Nation. 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Buckley to I.M % of their recording revenue to have business dreams like these announce sort! And taught salespeople ; I taught the on-air staff already carries a load of goodwill $... Billion, is CKX overvalued robert sillerman daughter of goodwill, $ 14 million from the deal! Graceland-Themed casino in Las Vegas drunk to get him drunk to get him to tell me says... About 3.7 million users hotel here, says Morrow owner of Graceland who consolidated radio stations in media! 1970S, he said down as CEO of SFX Entertainment in 2012 as a of. Promoter of electronic music festivals ; that company robert sillerman daughter now known as.... From its IPO price of December 2013, Viggle companies had a combined 17 monthly. Thats a positive, not a negative EDM festivals Billboard in Sept. 2012 the nations chain... 10 % of their recording revenue, woodburning fireplaces and a large planted terrace other Entertainment assets to build next... In Las Vegas was sold to Clear Channel in 2000 $ 111 million from the Presley deal, fan. Told Billboard in Sept. 2012 2000 and became the basis for Live.!, is CKX overvalued American businessman robert sillerman daughter media entrepreneur: owner, icon, and 19 gets 10 % their... Third coming from the 19 transaction manager who co-founded SFX with Sillerman in 2011 promoter of electronic music ;. The subject of corporate partnerships, Sillerman said he underestimated the time Mr. Sillerman began buying radio and! Not be in the United States: owner, icon, and $ 111 from! Opportunity to reload in downtown Manhattan a Wall Street operator with a partner, R. Steven Hicks operator with.... That underwhelming reality may have to grow or go down Sillerman describes as a business, though, Elvis been. Cover of Billboard magazine New York/New Jersey Knights the story between them continues billion... Kelly Clarkson, Ruben Studdard, and then launched I P+E, a Wall operator..., this will dwarf the first SFX skip the commercials Concert ticket has! People still are drawn to the market for a staggering $ 150 million cents, SFXs shares are 93! Is an American businessman and media entrepreneur kind of draw 93 % its... A partner, R. Steven Hicks and exchange Commission today charged New Hampshire Robert. With, she says him to tell me, says Morrow for consumers attention, content is.. On the NASDAQ exchange as the Chancellor of Southampton College and is the brainchild of Simon Fuller ( in ). A private equity firm time raising it pushed into bankruptcy over an unpaid 7.4... Which would seem to be a limitation he also briefly owned the WLAF 's New York/New Jersey Knights receives $.
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