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BUSINESS
March 19, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
In a move that would give it a major Los Angeles base and bolster its national reach, New York-based SFX Entertainment Inc. has signed a deal in principle to purchase Los Angeles-based Avalon Entertainment Partners, a leading L.A.-based concert promoter and venue owner, for about $30 million, sources said Wednesday.
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ENTERTAINMENT
October 9, 2013 | By Ryan Faughnder
There wasn't much to rave about on the first day of trading for electronic dance music promoter SFX Entertainment Inc. Shares of SFX, founded by entertainment entrepreneur  Robert F.X. Sillerman, fell $1.11, or 8.5%, to $11.89 on Wednesday, after its initial public offering.  The New York company sold 20 million shares at $13 a share, at the high end of its proposed range, raising $260 million in its IPO.  PHOTOS: Hollywood Backlot...
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NEWS
June 2, 1999 | From Bloomberg News
SFX Entertainment Inc., the world's largest producer of live entertainment events, agreed to acquire the assets of troubled theater company Livent Inc. to gain its theaters and Broadway production rights. Terms weren't disclosed. New York-based SFX will pay cash, deferred payment rights and warrants to buy Livent common stock at premiums. SFX produces live music, theater and sporting events. Livent filed for bankruptcy protection in November.
ENTERTAINMENT
August 9, 2003 | Geoff Boucher, Times Staff Writer
In his bare, newly rented office, concert promoter Gregg Perloff stretched out on the carpet and flashed the grin of a middle-aged businessman who has just traded in his corporate cubicle for a small business dream. Nothing in his demeanor hinted that Perloff is, depending on whom you ask, either the leader of an industry mutiny or a man walking his career off the plank. "Everybody in the business is watching, I know that," Perloff said. "And that makes it all the more interesting."
BUSINESS
March 1, 2000 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Radio giant Clear Channel Communications Inc. has agreed to buy SFX Entertainment Inc. for $3 billion in stock, in a deal that would marry the nation's largest producer of entertainment events with a company in line to be the country's leading radio station owner. The deal represents a further consolidation of local advertising, allowing Clear Channel to sell advertisers bundles that include billboard, television, radio and arena sponsorships.
BUSINESS
December 3, 1999 | Bloomberg News
Shareholders of SFX Entertainment Inc. got an early hangover Thursday as the stock fell 19% amid concern about canceled promotions and slower ticket sales at New Year's Eve events. SFX tumbled $6.44 to $27.50 on the New York Stock Exchange.
BUSINESS
September 4, 1998 | MARLA MATZER
A spokesman for live-entertainment giant SFX Entertainment denied Thursday that the Justice Department is scrutinizing possible antitrust implications of SFX's proposed acquisition of concert promoter Cellar Door International. Tim Klahs, head of investor relations for New York-based SFX, said the company has not yet filed documents with the Justice Department on the deal and has had no indication that the acquisition will be delayed because of government scrutiny.
BUSINESS
November 17, 1998 | MARLA MATZER
Resolving what USA Networks chief Barry Diller called their "short but slightly contentious" relationship, USA-owned Ticketmaster Inc. and live entertainment consolidator SFX Entertainment Inc. announced an exclusive, long-term agreement for Ticketmaster to sell tickets to all SFX events. In a statement, SFX Chairman Robert Sillerman suggested the arrangement could let SFX reduce ticket prices at some venues.
BUSINESS
September 3, 1998 | MARLA MATZER
The Justice Department is reviewing antitrust concerns related to SFX Entertainment's consolidation of the live concert business, sources said Wednesday. Investigators have focused on the proposed $105-million purchase of Cellar Door International, the latest in a string of deals by New York-based SFX. Richard Greenfield, an analyst with Goldman, Sachs & Co.
BUSINESS
September 23, 1998 | MARLA MATZER
In an SEC filing Tuesday, SFX Entertainment Inc. disclosed that it has "received notice of a preliminary inquiry" from the Justice Department Antitrust Division relating to SFX's proposed acquisitions of the Marquee Group Inc. and the Cellar Door group. SFX announced plans in the last two months to buy Marquee for $100 million and Cellar Door for $105 million. The stock of New York-based SFX plunged nearly 15% on the news, closing at $26.94, off $3.94, on Nasdaq.
BUSINESS
June 13, 2001 | JEFF LEEDS, TIMES STAFF WRITER
Concert conglomerate SFX is negotiating to purchase all or part of nascent Los Angeles promoter Concerts West from billionaire Philip Anschutz, according to sources familiar with the talks. A deal would solidify SFX's dominance of the $1.6-billion concert industry, essentially removing its only well-financed competitor and clearing the way for purchases of smaller rivals.
BUSINESS
March 13, 2001 | JEFF LEEDS, TIMES STAFF WRITER
When Nashville agent Paul Lohr began mapping out an 88-date concert tour for country stars the Dixie Chicks, he could have finished his job with one phone call, turning the whole package over to promotion behemoth SFX Entertainment. SFX has dominated the $1.6-billion live entertainment scene for three years, with control of more than 120 clubs and amphitheaters worldwide and annual concert proceeds topping $830 million--more than the next 10 largest promoters combined.
CALIFORNIA | LOCAL
July 11, 2000 | JENIFER RAGLAND, SPECIAL TO THE TIMES
The world's largest concert promoter is in preliminary talks to build a 5,000-seat amphitheater at the county fairgrounds in Ventura--a project that, if approved, would oust the speedway racing that has been there for 23 years. New York-based SFX Entertainment Inc., which scrapped a controversial plan last year to build a 16,000-seat concert venue at Camarillo Regional Park, is looking at the fairgrounds' arena after being referred by Ventura Mayor Sandy Smith, fair officials said.
CALIFORNIA | LOCAL
July 11, 2000
The world's largest concert promoter is in preliminary talks to build a 5,000-seat amphitheater at the Ventura County fairgrounds--a project that, if approved, would oust the speedway racing that has been there for 23 years. New York-based SFX Entertainment--which scrapped a controversial plan last year to build a 16,000-seat concert venue at Camarillo Regional Park--is looking at the fairgrounds arena after being referred by Ventura Mayor Sandy Smith, fair officials said.
NEWS
June 8, 2000 | CHUCK PHILIPS, TIMES STAFF WRITER
The world's largest concert promoter is making a killing selling stealth seats directly to brokers, a small piece of what appears to be a thriving underground ticket economy. SFX Entertainment Inc. sells nearly 200 prime seats to every show at Irvine Meadows Amphitheatre exclusively to ticket brokers, who then jack up prices charged to consumers a total of hundreds of thousands of dollars per year. Artists are hurt as well as consumers, because they don't receive a penny for these seats.
CALIFORNIA | LOCAL
April 22, 2000 | RANDY LEWIS, TIMES STAFF WRITER
Concerts in the meadows will give way to music in the Verizon as Irvine Meadows Amphitheatre, the county's only major outdoor rock-pop concert venue, gets a new name: Verizon Wireless Amphitheater. The new moniker will be evident to roughly 30,000 Jimmy Buffett fans who turn out for his two Irvine shows next week, an amphitheater official said Friday.
BUSINESS
August 8, 1998 | Bloomberg News
SFX Entertainment Inc., the nation's No. 1 producer of live music, theater and sporting events, agreed to buy Magicworks Entertainment Inc. for $100 million in cash to add to its entertainment and sports marketing business. New York-based SFX said it will pay $4 a share for Miami-based Magicworks, which got its start producing and promoting events such as "The Magic of David Copperfield."
BUSINESS
March 1, 2000 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Radio giant Clear Channel Communications Inc. has agreed to buy SFX Entertainment Inc. for $3 billion in stock, in a deal that would marry the nation's largest producer of entertainment events with a company in line to be the country's leading radio station owner. The deal represents a further consolidation of local advertising, allowing Clear Channel to sell advertisers bundles that include billboard, television, radio and arena sponsorships.
BUSINESS
December 3, 1999 | Bloomberg News
Shareholders of SFX Entertainment Inc. got an early hangover Thursday as the stock fell 19% amid concern about canceled promotions and slower ticket sales at New Year's Eve events. SFX tumbled $6.44 to $27.50 on the New York Stock Exchange.
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