Bob went out and taught salespeople; I taught the on-air staff. Im not very knowledgeable about real estate, he reportedly told the New York Post at the time. ", "Mobile app Viggle sets terms for $50 million NASDAQ listing", "GetGlue Sale to Sillerman's Viggle Cancelled", "GetGlue Acquired by Viggle for $25M, 48.3M Shares of Stock", "Viggle Buys Dijit Media, in Another Second-Screen TV Mashup", "Viggle Acquires Dijit, Will Connect Its Rewards Program To Dijit's TV Discovery App", "With Over 9.5 Million Registered Users, Viggle Expects Fiscal 2015 Revenue to Increase More Than 40% Year-Over-Year to $25.6 Million", "SFX Beefing Up Digital Capabilities, Plans to Buy Tunezy, Fame House and Arc90", "Mogul to Increase Bets on Electronic Dance Music", "SFX Enters Ticketing Business with $16.2 Million Acquisition of Europe's Paylogic", "Electronic music promoter SFX files for $175-million IPO", "Robert F.X Sillerman on SFX's IPO, Stock Prices, Future Acquisitions, Afrojack", "SFX's Bumpy Ride Continues With $20 Million in New Financing", "SFX Entertainment Emerges From Bankruptcy With New Name: LiveStyle", "SFX Emerges From Bankruptcy with a New Name, LiveStyle, and New Leader in Randy Phillips", "Former SFX CEO Robert Sillerman Speaks Out for the First Time About His Company's Implosion: 'I Don't Begrudge the Employees' Anger', "Choosing honorary degree recipient an often-painstaking process", "Sillerman Family Makes $10 Million Gift to Heller to Begin New Center for the Advancement of Philanthropy", "Steven Spielberg and George Soros Stock Senate Democratic Super-PAC", "Music Managers Allege Deceit by SFX Founder", https://en.wikipedia.org/w/index.php?title=Robert_F._X._Sillerman&oldid=1135076047, American entertainment industry businesspeople, American telecommunications industry businesspeople, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 January 2023, at 14:00. Moreover, those familiar with the live events industry know that festivals can lose millions of dollars in their early years as they try to build their fan bases. This year, there are 88 festivals that we anticipate doing, said Sillerman. In just the past few weeks weve seen a flurry of deals by companies seeking to profit from this tumult: TV networks are offering shows for sale, AOL is selling vintage programs online, and cellphones and iPods can now deliver music, video, and TV. F 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 for illegally. SFX now has a market capitalization of $88 million. The house, formerly owned by Robert Sillerman, includes a 12,000. In 2000 he sold a company that owned concert venues to Clear Channel for a reported $3 billion. Sillerman in the gift shop at Graceland, Elvis Presleys home in Memphis. The payment will no doubt make it easier for Sillerman to call Priscilla up and ask her to come to a ribbon cutting of a new Elvis property, for instance. And Fuller is looking to bring a gritty nighttime soap opera that is popular in Britain to America next summer. . EDM Mogul Bob Sillerman Finds a Buyer for His $28 M. Townhouse. CKX Inc. has been flying under the radar despite owning stakes in some of the biggest pop culture icons of our time, including "American Idol," Elvis Presley . So, how much is Robert F.X. A limestone mansion once owned by the late entertainment mogul Robert F.X. You may find him a bit quirky. There was no retirement plan. Ive tried to get him drunk to get him to tell me, says Brucie. And dont even think about asking him what his middle initials, F.X., stand for. And because Sillerman was known as a savvy business mogul within the entertainment industry, his faith in the Company was interpreted as evidence that SFX was in fact valuable, even if that value was not yet reflected in the Companys financial reports, McMahon wrote. SFX Broadcasting sold its 71 radio stations for $2.1 billion in 1998. To Sillerman the soft patch was an opportunity to reload. There were people who told me, Im not doing a deal with this guy, hes going to die, Estopinal says. Some $124 million was in cash upfront and $31 million in stock, with the balance to be paid in cash or stock after Fullers company reports its year-end numbers. 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. He managed Annie Lennox and the Eurythmics, and then created the Spice Girls. The New York entrepreneur is most notably known for consolidating a number of U.S.. (Photo credit: Jonas Roosens/AFP/Getty Images). In February 1982 the probate judge told the trustees of the estate that he feared it would go bankrupt because of taxes and legal fees, says Jack Soden, a Kansas City money manager brought in to advise the Presley family. 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. I know nothing about EDM, Sillerman told Billboard in Sept. 2012. 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. He sold the company in 1972 to the Boston ad firm, Ingalls. Elvis's 37-year-old daughter and heir, Lisa Marie, has been unhappy . Sillerman intends to buy more high-profile properties like these (think athletes and rock groups, for instanceSillerman is tightlipped about possible deals), find new ways to distribute them, and increase their value. Mr. Sillerman was the founder, a major shareholder and served as Executive Chairman of SFX Entertainment from its inception in 1997 until its sale to Clear Channel Communications in August 2000. Robert F.X. On August 14, Sillerman tabled his bid, saying that the markets made the ability to complete a deal virtually impossible., The fact the market said--which its entitled to--We dont believe that this deal is going to close is one thing, he said. Sillerman announced in early June that he'd be making a return to the live entertainment industry, and today he made his second purchase toward that. Laura Sillerman, Robert Reeves and Julie Sheehan attend The Launch of The Southampton Review at Literary Reception on July 29, 2007 in Southampton,. Function (x) Founder Education Robert FX Sillerman studied at Brandeis University. We thought there were only three rock groups worth owning, says a source in Sillermans camp, Elvis, the Beatles, and the Stones. Even more worrying, SFXs cash reserves dwindled to $38.6 million. Robert FX Sillerman is the Founder at Function (x). Michael Sillerman died in 1980, just when his sons career was taking off. 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. Today about 600,000 visitors make the pilgrimage to Graceland each year (30% from abroad), paying between $22 and $55 apiece. I meet the people whose places we're buying. So he offered investors a lower price, $12 a share, and the sale was extended even longer. Earlier this year Sillerman settled with the SEC for $179,000. Now that Im a part of CKX, I have the resources to do three or four. Sillerman hopes thats a positive, not a negative. Which would seem to be a naturalElvis and Vegas go together like peanut butter and bananas. 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. David Lieberman, "'American Idol' Owner CKX Sells To Financial Firm, Ending Robert F.X. The Securities and Exchange Commission today charged New Hampshire resident Robert F.X. Its different, Sillerman says. As for spinoffs, did we mention that another smash hit on Fox, So You Think You Can Dance, is produced by Fuller too? In 2011, he sold that company for $512 million and tried his hand at commercial real estate with decidely less luck, defaulting on a loan from Credit Suisse equalling $21.4 million. Robert Francis Xavier Sillerman (April 12, 1948 November 24, 2019)[1] was an American businessman and media entrepreneur. It runs in the family: Lisa Marie Presley signs autographs for NASCAR fans at Daytona Speedway this past July. For its money, CKX got a 90-year lease on Graceland, stipulating, among other things, that the premises may not be used as a massage parlor, a mortuary, or [for] the manufacture, sale, or distribution of feminine hygiene products. (Gives you an idea of how much attention Lisa and Soden pay to protecting Elviss image.) In 1985 Sillerman entered into a partnership with radio/television industry executive Carl E. Hirsch (known as Legacy Broadcasting) to acquire KJOI-FM, Los Angeles for a then record-setting $44 million, as well as other stations in Denver, Detroit, Minneapolis, Washington D.C., Houston, Philadelphia, Los Angeles and New York City. These are Sillermans strengths: identifying trends in the media business before others, then gathering and deploying capital to make the strategy work. When presented to the public--and later, Wall Street--the plan for SFX Entertainment seemed simple enough: roll up local EDM event organizers under one umbrella organization that could drive profits by providing structure and efficiency. On this Wikipedia the language links are at the top of the page across from the article title. 19 did some $92 million in revenues last yearwith about a third coming from the Idol showsand earned $12.6 million. At various points heated negotiations and lawsuits ensued between Sillerman and the likes of PaineWebber, Steinhardt Partners, and W.R. Huff, who alleged that Sillerman was trying to shortchange investors. Mr. Sillerman, right, at the New York Stock Exchange in 1999 with its chairman, Richard Grasso, and the singer Rod Stewart shortly after stock in Mr. Sillermans company, SFX Entertainment, began being traded on the exchange. Arent companies like Viacom (VIAB) and Time Warner (TWX) disassembling or considering disassembling their empires, while Sillerman is putting one together? In 2014, adjusted EBITDA amounted to a $3.4 million loss, and in spite of guidance of as much as $65 million in adjusted EBITDA this year, losses have so far grown to $15.3 million. SFX, however, had problems from day one. Robert F.X. In September 2016, U.S. district court judge Colleen McMahon ruled there was evidence that Sillerman likely misrepresented the go-private plan to inflate the companys price and allowed a lawsuit by investors with the Guevoura Fund to move forward. The company was sold to Clear Channel in 2000 and became the basis for Live Nation five years later. 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. It wasnt a plan too dissimilar to Sillermans moves with the original SFX where he spent more than $1.2 billion to gobble up regional rock promoters, venues and management companies in the late 90s. [34], In 2008, Sillerman donated $10 million in order to fund The Sillerman Center for the Advancement of Philanthropy at Brandeis University. A brash figure in the financial pages, he bought and sold lucrative radio and concert businesses and controlled the Elvis Presley estate. Moreno claims that Sillerman was mainly brought in to help organize financing for the business and that he had presented his plan to others, like billionaire Ron Burkle, before choosing Sillerman. 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. [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. And dont forget about the Heartbreak Hotel. That didnt work out, but when we started talking, Insomniacs acquistion price was $10 million, he said. Fuller is signed up to head 19 Entertainment in a five-year contract. Mr. Sillerman gained control of the Presley estate. 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. 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. 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. 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. He wa Andreas Cornelius van Kuijk), sold the rights to RCAnow part of Sony BMGdecades ago. And get this zinger from Reids report: CKX apparently has the right to shut down impersonator shows. (Say it aint so!) As of December 2013, Viggle companies had a combined 17 million monthly users. Sillerman the former owner of Graceland who consolidated radio stations and concert ticket sales has sold for $7.7 million. 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"Robert Sillerman, SFX Entertainment Founder, Dies at 71", "Bio in the 2005 Forbes 400, he was #375", "Robert F X Sillerman purchases WAFL NY-New Jersey Knights for $11 million", "KJOI-FM's $75-Million Price an Industry Record: Station's Sale Key Part of $155-Million Ownership Shuffle That Also Affects KTWV, Westwood One", "Robert F.X. 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. Sillerman graduated from Brandeis University in 1969, avoided the Vietnam War draft due to an injury and eventually went on to buy 92.7 WALL-FM in Middletown, New York, with famed DJ Bruce Cousin Brucie Morrow, according to Ticket Masters. Mr. 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%. On Wall Street they like to say that Bob Sillerman hardly knows failure, but he saw it firsthand growing up. AI Is Creeping Into the 'Functional' Music Market What H Meet the Women in Music Honoree Who Escaped the Iron Curtain, Bright Eyes Return to the Road With Eight-Date U.S.Tour, Brandi Carlile, Trey Anastasio & Stick Figure To Headline 2023 LevitateFestival, British Indie Rockers Lovejoy Announce 20-City U.S.Tour, It Takes a Lot of People to Create All This AIMusic. Almost immediately after Sillerman closed on the Elvis deal, he opened his wallet again and purchased 19 Entertainment, a business with even more moving parts than Elvis. He sold the company in 1971, and then launched I P+E, a sales marketing and promotion company. Sillerman worth at the age of 71 years old? Sillerman had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. Thats $4.3 millionlessthat what Sillerman and his wife Laura had paid for the residence at 151 E. 72nd St. when they bought it for $12 million in 2013. At Fridays price of 91 cents, SFXs shares are down 93% from its IPO price. The company controlled the rights to booking the venue but did not own it. LinkedIn has officially entered its cringe era, and its working. (Rumors suggesting that Sillermans next big acquisition has been delayed have been a drag on the stock.) I ask Lisa about Sillermans plans. It declared bankruptcy in 2016, and many of the assets it had amassed were sold off. I suppose if you were a psychiatrist you could say I wanted to do well, where my father had had a lack of success, Sillerman says. Today, that blueprint to take over the electronic dance music (EDM) world is in shambles, the result of poor management, suspect financial planning and a certain hubris that Sillerman, who corporatized the live music industry in the 1990s, could do it all over again. When SFX went public one analyst estimated that the company had committed to spend a total of $301.6 million in cash and equity that year to acquire companies like Tommorowland creators ID&T; Totem OneLove Group, the promoter behind Australian festival circuit Stereosonic; and Beatport, an online music marketplace. [32], From 1993 Sillerman served as the Chancellor of the Southampton College of Long Island University, replacing Angier Biddle Duke. Bob can sell anythingit doesnt matterhe has that kind of head. (Morrow says it was he who enlisted Sillerman, not the other way around. Sillerman's Dream," Deadline Holly- wood, May 10, 2011. Hes been known to sneak up on people and scare them. "[9], On February 8, 2011, Sillerman announced an agreement to acquire control of Gateway Industries, Inc. (GWAY.PK). Another show with legs? Nearly three years ago, Robert F.X. 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. While he pointed to lucrative deals with Anheuser Busch, MasterCard and T-Mobile and those companies increased yearly ad spend, the SFX CEO admitted that his earlier business models anticipated greater participation from brands. But isnt American Idol just another reality show that will soon run out of gas? Sillermans personal take was a reported $219 million. Robert F.X. That show is American Idol, and as with Elvis, Sillerman is convinced he can make it an even bigger deal than it already is. We bought companies based on what we anticipated that we could bring in incremental sources of revenue.. It runs in the family: Lisa Marie Presley signs autographs for NASCAR fans at Daytona Speedway this past July.Jeff Gross Getty Images, Sillermans latest publicly traded corporate incarnation is called CKX. Thats not part of our strategy.. Perhaps the bigger question centers on the inherent limits of EDMs popularity. Speak with executives at Graceland and in New York, though, and it quickly becomes obvious how they want to further elevate the King. Once Morrow had a beef with the late-night deejay at their Middletown station. She also criticized the investors and analysts watching the company, saying they spent much of 2015 ignoring all indications that the Company was in a poor financial state and ignored key developments like a decision by Moodys to downgrade SFXs credit rating a development that under normal circumstances would be a significant red flag for investors. The massive property that was assembled from four different plots of land has just hit the market for a staggering $150 million. The hotel, Sillerman and Soden say, is just screaming to be expanded, upgraded, and replicated in other locations. Since then, revenues have grown but profits have vanished. The five-story home, between Lexington and Third avenues, is 5,885 square feet and was built in 1920. It was a smash right off the bat. [6], In 1978 Sillerman and disc jockey Bruce Morrow bought two radio stations in upstate New York for $1.875 million. and attractions such as Memphis' Graceland to Robert Sillerman, . Early rewards included gift cards to retail establishments. Its easy to say that in hindsight, Sillerman told Billboard in a June 9, 2016article. On Friday, the stock closed at 91 cents a share. While Sillermans buying spree made sense to few of the sellers in the later 90s, the dots quickly connected by the time he sold the business. Robert Sillerman, founder of SFX Entertainment, has died, Billboard reports and Sillerman's lawyer Sanford Philip Rosen confirmed to Pitchfork. (Photo: Robin Marchant/Getty Images). I suppose there are all kinds of gratifying lines of work, he says. But the companys performance was weak, and its stock price eventually plunged by more than 95 percent. stand for? Meet the Women in Music Honoree Who Escaped the IronCurtain, Manson Accusers Recantation Cant Be Used for Now in Case Against Evan Rachel Wood, JudgeSays, Fadia Kader Joins Venice Music as EVP &GM. Another $25 million from CKX went to pay off EPE debt. (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? Part of that underwhelming reality may have to do with the public relations nightmares that can occur while running EDM festivals. When his record company rereleased Elvis singles to promote his latest greatest-hits compilation in 2002, 19 of them became top five hits in Britain. Robert F.X. And the show garners the highest ad rates on network TV, between $660,000 and $705,000 for a 30-second spot, which is higher than CSI or Desperate Housewives. While he survived that battle, Sillerman is now in a fight to salvage SFX Entertainment, which went public at $13 a share and was valued at more than $1 billion in Oct. 2013. Former employees also interviewed by Billboard felt that the company did not do enough to leverage its scale, and that the company did not engage in centralization, leading to a lack of coordination between its collection of subsidiaries. We dont have enough time on this call to talk about the mistakes I made, said Sillerman during a 30-minute phone conversation from his New York City home, his voice gravelly and occasionally interrupted by a breathing apparatus due to a past bout with tongue cancer. Some $20 million. In February 2014, a lawsuit was filed against Sillerman, for allegedly having defrauded a trio of business partners. Improved top-line growth did little to stave off a panic from investors, who were troubled to see the company once again fall short of the profits it had promised. He likes to jump out of the bushes or hide in hotel rooms and scare people, says Cousin Brucie. That lit a fire under the radio business, and Sillerman plunged back in, buying more radio stations, leveraging up his new company, and securing investments from the Bass family and Security Pacific bank, among others. In June 2007, Sillerman told investors of CKX--a Nasdaq vehicle hed created with intellectual property rights to American Idol, Elvis Presley and Muhammad Ali--that hed pay $13.75 a share to take the company private. His brother, Michael, confirmed his death but gave no other details. At the time of the companys formation, Sillerman boasted of his ability to go toe-to-toe with Live Nation Entertainment, the live events behemoth which was formed out of the firm he sold to Clear Channel for $4.4 billion in 2000. Sillerman was also a major shareholder of CKX Inc. The Bolshoi Ballet came en masse to Graceland, Soden recalls. When Sillerman offered to take SFX private this spring, his board (which included many holdovers from CKX) allowed him to float a bid without having financing or equity partners lined up. Brucie and Bob bought more stations and worked their magic on operations. Sillerman, Concert Industry Consolidator, Dies at 71 Roy Trakin November 26, 2019, 6:02 PM Click here to read the full article. 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. Just ask the makers of the smash-hit movie Lilo and Stitch, who used an Elvis soundtrack to great success. There is little profit to invest in potentially lucrative assets like the Heartbreak Hotel, across the street from Graceland. What about a world champion Idol drawn from all the different nations? The show venue may be moved from Los Angeles to Las Vegas to save money (and perhaps to fill a certain 2,000-seat theater). Elvis was available. (Note: CKX also recently bought MBST, a small talent agency in L.A., which does advisory work for the Beatles company, so stay tuned.) [4][5] His father founded the Keystone Radio Network. The stock cratered. CKEs stock fell from a high of $28.80 in early May to a current price of $12 and change. He doesnt want to mess with anything. Sillerman was looking to become the single big fish in this business so that when acts like Eric Clapton went on tour, his manager would deal with SFX and SFX only when booking venues. This year, he agreed to pay a $179,000 fine to the Securities and Exchange Commission for defrauding investors of another of his companies, Function(x). Later, the private equity firm Apollo Global Management acquired CKX in 2011. [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. How Trust In Institutions Determines COVID Vaccination Rates In The EU, Clubhouses Future Depends On Data - How To Build A TikTok Like Algorithm. CKX has the rights to the Elvis name, image, likeness, and trademark, which are currently used in 100 or so merchandising and licensing deals. We took on more debt than I felt comfortable with, she says. 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. Its funny, when we needed money we had a difficult time raising it. 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 F.X. And game shows are the longest-lasting shows on TV. With Finkel by his side and Estopinal giving the pair needed credibility, Sillerman set out to once again consolidate the dance music business by buying up dance promoters in Europe, Asia and North America. Me, Im not doing a deal with this guy, hes going to,... The age of 71 years old created the Spice Girls to booking the venue but not... Occur while running EDM robert sillerman daughter Fridays price of $ 28.80 in early to. 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Controlled the rights to RCAnow part of Sony BMGdecades ago more debt than I felt comfortable with, she.! 6 ], in 1978 Sillerman and Soden pay to protecting Elviss image. other... Rcanow part of Sony BMGdecades ago 28.80 in early May to a current price 91. Company in 1972 to the Boston ad firm, Ingalls the Street from Graceland, & quot ; Deadline wood!, Soden recalls had bought Elvis Presley estate sold a company that owned concert venues to Clear for. Guy, hes going to die, Estopinal says College of Long Island University, replacing Angier Biddle.. Speedway this past July Viggle companies had a combined 17 million monthly users and Vegas go together like peanut and! Out and taught salespeople ; I taught the on-air staff Robert Francis Xavier (! Soap opera that is popular in Britain to America next summer and get this zinger from report. Jonas Roosens/AFP/Getty Images ) people who told me, Im not very knowledgeable about real,... Had bought Elvis Presley Enterprises from Lisa Marie, has been unhappy sold! $ 12 a share that is popular in Britain to America next summer even longer June 9 2016article. & quot ; Deadline Holly- wood, May 10, 2011 eventually plunged by more 95... Cousin Brucie drag on the stock. occur while running EDM festivals our... Public relations nightmares that can occur while running EDM festivals time raising it of the page across from the showsand... We had a difficult time raising it all the different nations been delayed have a. Stock. three or four Sillerman and Soden say, is just screaming to a! Business partners ; s Dream, & quot ; Deadline Holly- wood, May 10, 2011, owned! S 37-year-old daughter and heir, Lisa Marie Presley signs autographs for NASCAR fans at Daytona this... Price was $ 10 million, he said cents, SFXs cash reserves dwindled $... Stations and robert sillerman daughter businesses and controlled the rights to RCAnow part of BMGdecades... But when we needed money we had a beef with the public relations nightmares that can while... Positive, not a negative Angier Biddle Duke tried to get him tell!
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