SFX Entertainment, Inc. founded in
New York, 2011 by Robert F. X. Sillerman, produces concerts and live events,
especially Electronic Dance Music festivals.The company has published its first
earning release as a public company earlier this year saying that the
“revolution has begun.” SFX Entertainment states that attendance is growing by
40% in its pro forma, due to several acquisitions this quarter.
Orlando is a great city, with several events and activities
going on at all times, you just have to do a little research. As a music fan, I
am always looking for music activities to attend. Festival Calle Orange is an
event held every year in late October, to celebrate Hispanic heritage. More
than 40 artists from different music genres get up on 4 stages to perform live.
Around 10 streets from downtown Orlando are closed off, so thousands of people
can have a fun day with live music all around.
The music industry has been involved in a financial roller
coaster since 1998. At that time, music companies spent large amounts of money
in building music artist careers, expecting substantial revenues out of
recorded music sales. In 1998, recorded music sales were around $38.6 billion. In
2008, they dropped down to $18.4 billion, and in 2010, they went down
drastically to $15.49 billion.
The arrival of digital music and its revenues helped the
music industry debacle, with a third of the recorded product sales but it
hasn’t been enough. The rise of music companies such as Pandora and Spotify
have opened a new window for the music business. Nonetheless, specialists are
not too excited about the projected future.
