{"id":47296,"date":"2016-01-17T17:30:02","date_gmt":"2016-01-17T17:30:02","guid":{"rendered":"http:\/\/admin.aws.dancingastronaut.com\/?p=236910"},"modified":"2016-01-17T17:30:02","modified_gmt":"2016-01-17T17:30:02","slug":"sfx-receives-20-million-in-funding-from-undisclosed-investor","status":"publish","type":"post","link":"http:\/\/earthquakemix.com\/boom\/?p=47296","title":{"rendered":"SFX receives $20 Million in funding from undisclosed investor"},"content":{"rendered":"<p>A rupture has occurred in the continuously devolving luck of Robert Sillerman&#8217;s event company, <a\nhref=\"http:\/\/dancingastronaut.com\/tag\/sfx\/\">SFX Entertainment<\/a>. According to <a\nhref=\"http:\/\/nypost.com\/2016\/01\/15\/sfx-gets-20m-in-new-financing\/\"><em>New York Post<\/em><\/a>, SFX has now received $20 Million in funding from an undisclosed source:<\/p><blockquote><p>&#8220;Sillerman\u2019s SFX Entertainment electronic dance music company ended a rollercoaster week on a high note after the near-broke company announced $20 million in new financing. The deal, announced before the markets opened on Friday, sent SFX shares soaring 57 percent, to 12.4 cents, amid a broad and deep market sell-off. SFX didn\u2019t identify the new funding source but promised to do so in a regulatory filing next week.&#8221;<\/p><\/blockquote><p>Earlier this month, <em>Nasdaq<\/em> reported that the nearly-bankrupt company owed &#8220;<span\nstyle=\"color: #000000;\">$312.6 million in debt, mainly senior bonds due in 2019,&#8221;<\/span> juxtaposed against the $59.8 million in cash on hand they reported in a September 30th earnings report. The $20 Million savior, which industry speculators believe to have previously worked with Sillerman, provides a much needed lifeboat for SFX, but the water ahead is still very tumultuous.<\/p><p><em>Via <a\nhref=\"http:\/\/nypost.com\/2016\/01\/15\/sfx-gets-20m-in-new-financing\/\">New York Post<\/a>.<\/em><\/p><p><strong>Read More:<\/strong><\/p><p><a\nhref=\"http:\/\/dancingastronaut.com\/2016\/01\/sfx-may-file-bankruptcy\/\">SFX may file for bankruptcy<\/a><\/p><p><a\nhref=\"http:\/\/dancingastronaut.com\/2015\/12\/spotify-tmwrk-cut-losses-sfx-opt-deals\/\">Spotify and TMWRK cut their losses with SFX, opt out of deals<\/a><\/p><p><a\nhref=\"http:\/\/dancingastronaut.com\/2015\/12\/live-nation-head-electronic-not-joining-sfx\/\">Live Nation&#8217;s head of electronic music will not be joining SFX<\/a><\/p><p>&nbsp;<\/p> <img src=\"http:\/\/feeds.feedburner.com\/~r\/DancingAstronaut\/~4\/yrQuVPiFKk4\" height=\"1\" width=\"1\" alt=\"\"\/>","protected":false},"excerpt":{"rendered":"<p>A rupture has occurred in the continuously devolving luck of Robert Sillerman&#8217;s event company, SFX Entertainment. According to New York Post, SFX has now received $20 Million in funding from an undisclosed source.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=\/wp\/v2\/posts\/47296"}],"collection":[{"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47296"}],"version-history":[{"count":1,"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=\/wp\/v2\/posts\/47296\/revisions"}],"predecessor-version":[{"id":47297,"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=\/wp\/v2\/posts\/47296\/revisions\/47297"}],"wp:attachment":[{"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47296"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/earthquakemix.com\/boom\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}