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SFXE - SFX Entertainment, Inc.
SFX Entertainment, Inc. (SFXE) is a former American company that was involved in the production of electronic dance music (EDM) events, as well as the management of various EDM artists. The company was founded in 2011 and was based in New York City.
SFX Entertainment grew rapidly through a series of acquisitions, including companies such as Beatport, Disco Donnie Presents, and ID&T. The company's strategy was to consolidate the highly fragmented EDM industry and create a one-stop-shop for EDM events and artists.
However, the company faced financial difficulties and declared bankruptcy in 2016. After the bankruptcy, the company's assets were sold to various bidders. LiveStyle, Inc. acquired some of the assets of SFX Entertainment, including the rights to the Tomorrowland and Mysteryland festivals.
SFX Entertainment's bankruptcy was seen as a turning point in the history of the EDM industry. Some industry observers viewed SFX Entertainment's aggressive expansion strategy as unsustainable, and the company's downfall served as a warning to other companies in the industry.
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