Former AEG Live CEO Randy Phillips has replaced Robert Sillerman as chief executive.
The restructuring of the webstore "dramatically improved its profitability" so SFX has decided to hang on to it.
Three DJs set out to create the world's best webstore for dance music. Then the EDM boom happened.
This includes the streaming service, mobile app, Beatport News, video livestreaming platform, and their events section.
The decision allows the troubled EDM giant to pay artists.
The bankrupt company will also auction off Fame House, a digital marketing agency.
The figures were revealed in the bankruptcy announcement of the digital retailer's parent company.
"In light of the present situation, no concrete plans have yet been made for TomorrowWorld 2016."
The dance music events company will be taken private and gain a new CEO in the process.
Between falling share prices, settling lawsuits, and securing fresh investments, Robert Sillerman’s dance events company has had a busy month.
The company behind the gamechanging financing was Catalyst Capital Group.
This comes after CEO Robert Sillerman told Forbes there was "a “zero percent chance” the company would go bankrupt.