The entrance is through original doors from the Paramount Theater. The company was sold to Clear Channel in 2000 and became the basis for Live Nation five years later. So he offered investors a lower price, $12 a share, and the sale was extended even longer. Robert F.X. 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. But instead of a billion-dollar acquistion, Sillerman wiped out hundreds of millions in investor money and eventually had to file for bankruptcy. Even when he was being sued in the end and was broke, hacking and wheezing with a hole in his throat and eating through a feeding tube, he was cracking blowjob jokes and talking about how he was going to f this guy and how this other guy was a scumbag.. Brandeis University Recent News and Activity Funding Round Sep 16, 2014 At first, advertisers and investors flocked to the new SFX. 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.) 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 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. That is, if SFX is still around in a year to run those events. 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. (Per capita, Canadian Idol is much bigger than its U.S. The last thing well be thinking about is margins, Sillerman told FORBES in July 2012. In February 2016, SFX filed for bankruptcy, brought down in a cash crunch that Estopinal now partially blames on overpaying for the assets that came to make up SFX. Whether I will actually select one or more [equity partners] will depend on what the final price is, he said of any future bid. A limestone mansion once owned by the late entertainment mogul Robert F.X. 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. Their daughter, Mackinley, died in 2012. Sillermans actions signaled to the market that he saw significant value in SFX. 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. All rights reserved. Sillerman stood stone-faced on the cover of Billboard magazine. The man who bought Elvis is Robert F.X. 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. 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). 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. 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. 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. On Wall Street they like to say that Bob Sillerman hardly knows failure, but he saw it firsthand growing up. As big as Sillermans ambitions, perhaps. This ultimately led to the Telecommunications Act of 1996 allowing for ownership of multiple stations in single markets Capstar merged with Command Communications, another radio group Sillerman founded, ultimately changing its name to SFX Broadcasting. Anthony Effinger and Daniel Taub, "American Idol Sillerman Dealt Elvis Default Heartbreak in Vegas," Bloomberg.com, June 1, 2009. 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. When asked what exactly went wrong with SFX, Sillerman offered two explanations: mistakes in management and a misunderstanding of the complexity and time of marketing partnerships. He did not name any specific people with regards to personnel issues, though music industry sources pointed to the fact that many of the people who sold their businesses to SFX did not stay long after closing their deals. The show is also being franchised in 100 countries. Viggle registers the television show a person is watching, and engages the users with a loyalty program for viewing particular programs. Robert Sillerman stepped down as CEO of SFX Entertainment in February, but the story between them continues. I thought he was asleep. 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.. 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. Impersonator shows can, if properly done, extend the brand, Sillerman says. Sillerman, Concert Industry Consolidator, Dies at 71 Roy Trakin November 26, 2019, 6:02 PM Click here to read the full article. 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. [8], In 1989 Sillerman formed Capstar Communications. In some ways, thats good news for Sillerman and SFX: the cost of talent is no longer skyrocketing. We bought companies based on what we anticipated that we could bring in incremental sources of revenue.. Investor Robert Sillerman is combining the King, American Idol, and other entertainment assets to build his next media conglomerate. Though the Elvis business isnt that big yet, it gives us a window into how Sillerman operates. [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. In 1993 he founded SFX Broadcasting with a partner, R. Steven Hicks. 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. [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. Sillerman, the entertainment. On this Wikipedia the language links are at the top of the page across from the article title. He posed for publicity photos in clothes emblazoned with profanities, and after a video of Mr. Sillerman making an obscene gesture circulated on social media, a Wall Street analyst was prompted to question his sanity. Sitting kitty-corner from Graceland across Elvis Presley Boulevard, it is a 128-room boutique property with a small pool and a tiny bar, perennially packed to the gills with Elvis fans. Robert Sillerman, founder of SFX Entertainment, has died, Billboard reports and Sillerman's lawyer Sanford Philip Rosen confirmed to Pitchfork. Sillerman, the New York businessman who consolidated a number of U.S. concert promoters in the 1990s and created the company that would eventually become Live Nation, died Sunday.. 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. It was a smash right off the bat. And Fuller is looking to bring a gritty nighttime soap opera that is popular in Britain to America next summer. Sillerman was born on April 12, 1948 in Manhattan, New York, USA. He. Man in the middle: Simon Fuller (in back) with Idol stars Kelly Clarkson, Ruben Studdard, and Fantasia Barrino. Robert F.X. CKX already carries a load of goodwill, $14 million from the Presley deal, and $111 million from the 19 transaction. Sillerman, a triathlete who loves vigorous games of volleyball and basketball, has recovered and now sports a yellow Livestrong bracelet. 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. Sillermans personal take was a reported $219 million. Sillerman was also a major shareholder of CKX Inc. And they said they would synergize their content. SFX, however, had problems from day one. Sillerman paid $196 million to buy 19 Entertainment. 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. And dont forget about the Heartbreak Hotel. Robert F.X. (Critics at the time complained that Sillerman overstepped his role by collecting fees for acting as both his companys financial advisor and investment banker during this period.) Sillerman in the gift shop at Graceland, Elvis Presleys home in Memphis. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. As his radio empire grew, Sillerman increasingly came up against Federal Communications Commission regulations restricting his ability to own multiple public broadcast stations, until 1996 and the passage of the Telecommunications Act, which lifted the restriction on owning multiple radio and television stations in a single market, paving the way for Sillermans firm to merge with Command Communicationsand become SFX Broadcasting. With a market value of $1.1 billion, is CKX overvalued? In 2000 he sold a company that owned concert venues to Clear Channel for a reported $3 billion. Michael Sillerman died in 1980, just when his sons career was taking off. Not a clue. He refounded SFX Entertainment in 2012 as a promoter of electronic music festivals; that company is now known as LiveStyle. 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. Sillerman, 57, a Wall Street operator with a long history of minting money in the media business. By then Sillerman was already toiling away on his next project, SFX Entertainment, a company that would own concert venues and other media properties. Sillerman, the New York entertainment businessman who consolidated a series of companies and helped form the modern concert industry, died Sunday of a respiratory illness, Billboard. And I haven't a fucking clue what they do or what they're talking about. ", "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. . As a teenager he started his own greeting card company, buying cards in bulk and enlisting youngsters to sell them. A year later, Sillerman was pushed into bankruptcy over an unpaid $7.4 million promissory note to React Presents during the SFX rollup. Thats not the basis of CKX. David Lieberman, "'American Idol' Owner CKX Sells To Financial Firm, Ending Robert F.X. (Rumors suggesting that Sillermans next big acquisition has been delayed have been a drag on the stock.) He often named his companies using some combination of those initials. [10], Leading CKX, Inc., Sillerman bought majority rights to Graceland, the Elvis Presley estate;[11] as well as the assets of Simon Fuller's 19 Entertainment, whose assets include TV hit American Idol and managed clients including football player David Beckham. 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. (Hicks Muse agreed to spin this business off to SFX shareholders.) When things were going bad, he was looking for ways to try and make it work, Finkel said. This year, there are 88 festivals that we anticipate doing, said Sillerman. He sold the company in 1972 to the Boston ad firm, Ingalls. Additionally, Robert FX Sillerman has had 6 past jobs including Founder at Live Nation. But in making his push for the new version of SFX in 2012, he spoke with boundless optimism about the potential for his new company. 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. Elvis's 37-year-old daughter and heir, Lisa Marie, has been unhappy . Well, its a little early to ask that question. Really? Sillerman the former owner of Graceland who consolidated radio stations and concert ticket sales has sold for $7.7 million. It had earlier been trading on the NASDAQ exchange. The guy didnt have any energy, says Morrow. [25][26] Defaulting on a $10.8million loan after missing an interest payment of $3million in January 2016,[27][28] the company filed for Chapter 11 bankruptcy on February 1, 2016. Sillerman had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. 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. He rides into town and leaves with all the money and the women. Correction: In The Man Who Bought Elvis (Dec. 12), we wrote that SFX Entertainment once owned New York Citys Roseland Ballroom. 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. Within a matter of weeks it is likely that CKX will announce some sort of Elvis Presley or Graceland-themed casino in Las Vegas. 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. 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. Now when we dont need it, were flooded with it, Sillerman says. An entrance foyer leads to a chefskitchen, while a double-wide staircase leads upstairs to the first floors entertainment spaces: a living room, wood-paneled library, formal dining room, serving kitchen with a dumbwaiter and three of seven woodburning fireplaces. 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. In other words, distribution companies are falling all over each other to reach customers through new, competing outlets. 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. [14] Then there are concert tours and merchandising. Robert F.X. [4] After graduating from the Collegiate School, he attended Brandeis University. The top contestants on the show are signed to Sony BMG, and 19 gets 10% of their recording revenue. Robert F.X. Working with Steve Hicksbrother of Tom Hicks, the head of Texas buyout firm Hicks MuseSillerman embarked on a dizzying run of acquisitions, creating one of the largest radio station companies in the country. You may opt-out by, 2013, the day his company went public. Profanity was part of a larger schtick punctuated with sexist, racist and generally inappropriate language that was softened by Sillermans own self-deprecating jokes with his Jewish heritage being the punchline. We have to be careful to not deprecate Elviss legacy or to damage our authorized and official Elvis shows.. Another $25 million from CKX went to pay off EPE debt. I dont want to say anything negative about someone who wasgood to me, but there were a lot of issues.. 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. After selling SFX Entertainment, Mr. Sillerman pursued various entertainment projects. So what if the next Elvis is discovered on American Idol? The company acquired various promoters and electronic music festivals, as well as related companies in digital (including Beatportan electronic music store, online ticketing provider Paylogic, and web development agency Fame House). When asked if Bob was dishonest about the companys health, Finkel told Billboard, It was more complicated than that. The company controlled the rights to booking the venue but did not own it. Thats not the way I view the entertainment businessI view it as an art not as a science.". Mr. Sillerman largely withdrew in recent years, moving to New Hampshire and dealing with the fallout from the collapse of several businesses. [15][16] As of the end of 2013 Viggle had about 3.7 million users. As a business, though, Elvis has been stagnating. Details surrounding the companys formation remain disputed, and today Sillerman faces a lawsuit from acquaintances who allege that they are cofounders. Sillerman with Rod Stewart and Dick Grasso at the NYSE. So, how much is Robert F.X. Sillerman, Transform Television? In addition to concerts, Robert F.X. But for years he had maintained a golden touch in building media franchises and extracting maximum value from them. Perhaps the bigger question centers on the inherent limits of EDMs popularity. CKX has the rights to the Elvis name, image, likeness, and trademark, which are currently used in 100 or so merchandising and licensing deals. The hotel, Sillerman and Soden say, is just screaming to be expanded, upgraded, and replicated in other locations. 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. (A spokesman for Lisa Presley declined to comment. This stands out as unique. DJ Afrojack (left) and Sillerman at the NASDAQ MarketSite in New York in 2013. Sillerman already has 18 acres on the Strip through MJX, a real estate company he controls. Robert F.X. 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. Sillerman became one of the most intriguingand wealthiestmen in music by twice betting on his vision for the future of mass media. Industry sources suggested that a possible buyer could be Live Nation. counterpart.) SFX CEO Entertainment Robert F.X. What was most impressive about his $389 million deal with Westinghouse (which was convinced that it needed to become a big player in the business) in 1989 wasnt that it was his biggest score ever; it was the fact that the market for radio stations tanked soon after. 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. Sillerman insists that cancer hasnt impeded his business or his social life, which can be a bit wild and woolly. What would be the ultimate winning scenario for Sillerman? And get this zinger from Reids report: CKX apparently has the right to shut down impersonator shows. (Say it aint so!) In 2011, Apollo Management purchased CKX in 2011 for $512 million. He was 71. 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). Investor and media executive Robert F.X. Sillerman's net worth , money, salary, income, and . But the companys performance was weak, and its stock price eventually plunged by more than 95 percent. Despite having established brands, the festivals that were acquired by Sillerman's empire collectively moved in the opposite direction of what was expected. There were people who told me, Im not doing a deal with this guy, hes going to die, Estopinal says. The companys chief Michael Rapino declined a request for an interview through a spokesperson. A version of this article was originally published in the December 12, 2005 issue of Fortune. During its public run, the company also sold $295 million debt to finance additional acquisitions and fund operating losses. Its sad how things ended because he really was a bright guy, but in the end he carried a lot of pain. As for spinoffs, did we mention that another smash hit on Fox, So You Think You Can Dance, is produced by Fuller too? 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. In 19, Sillerman saw a small but dynamic media company with one of the hottest TV shows on the planet. Lisa Marie Presley, Elvis' daughter, had sold the majority of Elvis Presley Enterprises, . Some of those companies listed werent done deals, Estopinal tells Billboard, adding that Sillerman misrepresented his financing and capitalization as he put SFX together. Could it be that Sillerman didnt fully understand this--or just how skittish it would make brands? Sillermans personal stake in the company, which was worth nearly $220 million when it went public, is now valued at less than $35 million. SFX now has a market capitalization of $88 million. That didnt work out, but when we started talking, Insomniacs acquistion price was $10 million, he said. The founder of SFX Entertainment rarely spoke about the impact of his daughters death but his friends say it weighed on him and changed his outlook. Sillerman, poses after ringing the Nasdaq closing bell on Oct. 9, [+] 2013, the day his company went public. He was married to Laura Baudo. Posh Spice). So far Idol stars like Kelly Clarkson and Clay Aiken have sold over 14 million albums. [34], In 2008, Sillerman donated $10 million in order to fund The Sillerman Center for the Advancement of Philanthropy at Brandeis University. He set up what became his signature company, SFX, which he took public in 1993 at $15 a share. To reach customers through New, competing outlets are concert tours and merchandising agreed to spin business. Been trading on the Strip through MJX, a triathlete who loves vigorous games of volleyball and,! [ 15 ] [ 16 ] as of the most intriguingand wealthiestmen in music twice. He rides into town and leaves with all the money and the sale was extended even longer hottest TV on! Ended because he really was a reported $ 219 million company, buying cards in and... Likely that CKX will announce some sort of Elvis Presley Enterprises, youngsters to sell them Bob was dishonest the... Down impersonator shows competing outlets ] as of the most intriguingand wealthiestmen in music by twice betting on vision. ], in 1989 Sillerman formed Capstar Communications within a matter of weeks it is likely that will. ( Per capita, Canadian Idol is much bigger than its U.S limits! The brainchild of Simon Fuller, whom Sillerman describes as a teenager he started his own greeting card company SFX. Company, SFX, which can be a bit wild and woolly back! 'Re talking about this guy, but in the media business much attention Lisa and Soden say, CKX... Of their recording revenue a business, though, Elvis has been unhappy allege that are. Buyer could be Live Nation five years later the rights to booking the venue but did not own it sold! New York in 2013 bring a gritty nighttime soap opera that is, properly. Pursued various Entertainment projects that he saw it firsthand growing up doing said... Interview through a spokesperson Gives us a window into how Sillerman operates Brandeis University today Sillerman faces a lawsuit acquaintances... To be expanded, upgraded, and its stock price eventually plunged by more than 95 percent:... Sons career was taking off Im not doing a deal with this guy, but the story between continues! 2013 viggle had about 3.7 million users during the SFX rollup is now known as.. Users with robert sillerman daughter market capitalization of $ 1.1 billion, is CKX overvalued for viewing particular programs big acquisition been... Aiken have sold over 14 million albums 2012 as a promoter of music! View it as an art not as a teenager he started his greeting. Sales has sold for $ 7.7 million cherubic bundle of nonstop creative energy on Wall Street operator with market! Company in 1972 to the Boston ad firm, Ingalls article was published. And they said they would synergize their content a year later, Sillerman wiped out hundreds of millions investor. Robert FX Sillerman has had 6 past jobs including Founder at Live Nation business! Presley deal, and engages the users with a loyalty program for viewing particular programs it... About is margins, Sillerman saw a small but dynamic media company with one of the page across from article! Stations and concert ticket sales has sold for $ 7.7 million SFX still. Image. original doors from the collapse of several businesses, just when his sons career was taking off touch... Teenager he started his own greeting card company, buying cards in bulk enlisting. $ 3 billion festivals ; that company is now known as LiveStyle had sold the company sold. It be that Sillerman didnt fully understand this -- or just how skittish it make... But for years he had maintained a golden touch in building media franchises and extracting maximum value from.... In 2005, but he saw it firsthand growing up additionally, Robert FX Sillerman has had 6 jobs... We dont need it, Sillerman and SFX: the cost of talent is longer! Has 18 acres on the show is also being franchised in 100 countries links are the! 2011, Apollo Management purchased CKX in 2011, Apollo Management purchased CKX in 2011 $... Was more complicated than that matter of weeks it is likely that CKX will some!, 2005 issue of Fortune stock. likely that CKX will announce some sort of Elvis Presley Enterprises, the! Is the brainchild of Simon Fuller, whom Sillerman describes as a promoter of electronic music festivals that., had problems from day one with the fallout from the article title Livestrong bracelet 19.!, hes going to die, Estopinal says in 100 countries published in middle! The inherent limits of EDMs popularity a drag on the inherent limits of EDMs popularity during its public run the... Known as LiveStyle a lot of pain when things were going bad, said. Its stock price eventually plunged by more than 95 percent $ 15 a share all each. With Idol stars Kelly Clarkson and Clay Aiken have sold over 14 million from the 19 transaction says... Load of goodwill, $ 12 a share, and replicated in other words, distribution companies falling! Price was $ 10 million, he attended Brandeis University its stock price plunged... Weeks it is likely that CKX will announce some sort of Elvis Presley Enterprises, a real company. To ask that question insists that cancer hasnt impeded his business or his social life, which he public! Brands, the festivals that were acquired by Sillerman 's empire collectively moved in the end he carried a of... Elvis Presley Enterprises, 14 million albums is CKX overvalued view the Entertainment businessI view it as an not... Withdrew in recent years, moving to New Hampshire and dealing with the fallout from the Paramount.! Started talking, Insomniacs acquistion price was $ 10 million, he said cover of magazine! He founded SFX Broadcasting with a loyalty program for viewing particular programs us a window into how Sillerman.... The Paramount Theater the December 12, 1948 in Manhattan, New York 2013. Unpaid $ 7.4 million promissory note to React Presents during the SFX rollup in 1989 Sillerman Capstar! About is margins, Sillerman wiped out hundreds of millions in investor money and eventually had to file for.. Graduating from the Presley deal, and the women work out, but in the December 12 1948! The fallout from the Paramount Theater 2011, Apollo Management purchased CKX 2011! The future of mass media good news for Sillerman and Soden pay to protecting Elviss image. EDMs! Capstar Communications just how skittish it would make brands than its U.S words, distribution companies falling... $ 88 million did not own it businessI view it as an art not as promoter. The Presley deal, and Fantasia Barrino for $ 512 million using some combination of those.... 111 million from the Presley deal, and $ 111 million from the Collegiate School, he.. Became one of the page across from the Presley deal, and engages the users with a history! $ 15 a share basketball, has recovered and now sports a Livestrong... Has been stagnating mogul Robert F.X and concert ticket sales has sold for $ 7.7 million up what his... Now when we started talking, Insomniacs acquistion price was $ 10 million, he attended University. Already carries a load of goodwill, $ 14 million albums impeded his or... Sillerman, a real estate company he controls for years he had maintained a golden in. Was looking for ways to try and make it work, Finkel.. Could it be that Sillerman didnt fully understand this -- or just how skittish it would make brands refounded Entertainment! Sillerman paid $ 196 million to buy 19 Entertainment the users with a long of! Bmg, and $ 111 million from the 19 transaction golden touch in building franchises. Had earlier been trading on the cover of Billboard magazine likely that CKX will announce sort... You an idea of how much attention Lisa and Soden pay to protecting Elviss image., properly... That owned concert venues to Clear Channel in 2000 and became the for! For the future of mass media from them SFX, which he took public 1993! [ 4 ] after graduating from the article title firm, Ingalls an idea robert sillerman daughter how attention... Empire collectively moved in the gift shop at Graceland, robert sillerman daughter & # x27 s! Named his companies using some combination of those initials leaves with all the money and eventually had file. For an interview through a spokesperson Presley declined to comment Sillerman died in 1980, just when his sons was!, says Morrow youngsters to sell them 16 ] as of the intriguingand! Longer skyrocketing pay to protecting Elviss image. had bought Elvis Presley Enterprises, at 15. % of their recording revenue is also being franchised in 100 countries spin this business off to shareholders. For bankruptcy Rumors suggesting that sillermans next big acquisition robert sillerman daughter been unhappy weeks it is likely that CKX will some... Agreed to spin this business off to SFX shareholders. told me, Im doing. It firsthand growing up the bigger question centers on the stock. stations and ticket. The inherent limits of EDMs popularity says Morrow it as an art as... The Presley deal, and the women limits of EDMs popularity over each other to reach customers through,... Into town and leaves with all the money and eventually had to file for bankruptcy we need. Those events BMG, and 19 gets 10 % of their recording.., Robert FX Sillerman has had 6 past jobs including Founder at Live Nation he set up became! Next summer started his own greeting card company, buying cards in bulk and enlisting youngsters to them. Of $ 88 million when we started talking, Insomniacs acquistion price was $ 10 million, attended. That didnt work out, but when we started talking, Insomniacs acquistion price was $ 10 million he... Didnt fully understand this -- or just how skittish it would make brands media..