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10 Scandals and Shitshows that Rocked the Dance Music World in 2016
From Kanye beefing with Deadmau5 on Twitter, to Verboten’s fall from grace, THUMP runs down the biggest stories of the year.
SFX Resurrects Itself from Bankruptcy, Rebrands as LiveStyle
Former AEG Live CEO Randy Phillips has replaced Robert Sillerman as chief executive.
SFX, the Owner of Beatport and Tomorrowland, Will Reorganize Following Bankruptcy
The reorganization will eliminate $400 million worth of debt.
SFX Isn't Selling Beatport After All
The restructuring of the webstore "dramatically improved its profitability" so SFX has decided to hang on to it.
The Rise and Fall—and Resurrection?—of Beatport
Three DJs set out to create the world's best webstore for dance music. Then the EDM boom happened.
Beatport to Shut Down All of Its Services Except the Original Store
This includes the streaming service, mobile app, Beatport News, video livestreaming platform, and their events section.
Court Ruling Allows SFX to Pay $15 Million in Summer Festival Booking Fees
The decision allows the troubled EDM giant to pay artists.
Beatport Lost Millions of Dollars Last Year According to SFX Financial Report
The figures were revealed in the bankruptcy announcement of the digital retailer's parent company.
TomorrowWorld May Not Happen in 2016 Because of SFX Bankruptcy
"In light of the present situation, no concrete plans have yet been made for TomorrowWorld 2016."
EDM Conglomerate SFX Entertainment Files for Bankruptcy
The dance music events company will be taken private and gain a new CEO in the process.