EDM Promoter SFX reports $131m losses for 2014
Live events conglomerate SFX Entertainment has reported losses of $131 million on revenue of $354.4m for 2014.
The EDM promoter saw pro forma revenue grew 8.2% to $386.2m from $356.7m the previous year, but saw an 18.5% drop in festival attendance in the fourth quarter. Pro forma festival attendance increased 1.5% year on year to approximately 2.9 million, while attendance at events other than festivals increased 19.5% to approximately 2.4m.
SFX's ID&T brand runs festivals such as Belgium's Tomorrowland, which will ...
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