She also criticized the investors and analysts watching the company, saying they spent much of 2015 ignoring all indications that the Company was in a poor financial state and ignored key developments like a decision by Moodys to downgrade SFXs credit rating a development that under normal circumstances would be a significant red flag for investors. "[9], On February 8, 2011, Sillerman announced an agreement to acquire control of Gateway Industries, Inc. (GWAY.PK). A brash figure in the financial pages, he bought and sold lucrative radio and concert businesses and controlled the Elvis Presley estate. In 2011, he sold that company for $512 million and tried his hand at commercial real estate with decidely less luck, defaulting on a loan from Credit Suisse equalling $21.4 million. Robert F.X. Some noted that Sillerman was paying huge amounts of goodwill in his deals, so eager was he to build the company. He loves to party. In just the past few weeks weve seen a flurry of deals by companies seeking to profit from this tumult: TV networks are offering shows for sale, AOL is selling vintage programs online, and cellphones and iPods can now deliver music, video, and TV. Nearly three years ago, Robert F.X. Sillerman, Self: 60 Minutes. Read the original story on The New York . Didnt work. Okay, so come on, Bob, what does F.X. It didnt scale and this round was young promoters that werent as established as the promoters from the first round of buyouts in the 1990s. Sillerman was born into a media household, raised in the Riverdale section of the Bronx, and attended top private schools in New York City. For its money, CKX got a 90-year lease on Graceland, stipulating, among other things, that the premises may not be used as a massage parlor, a mortuary, or [for] the manufacture, sale, or distribution of feminine hygiene products. (Gives you an idea of how much attention Lisa and Soden pay to protecting Elviss image.) Some $124 million was in cash upfront and $31 million in stock, with the balance to be paid in cash or stock after Fullers company reports its year-end numbers. [29] In December, the company went private and was renamed LiveStyle, with Sillerman exiting the company in favor of former AEG Live executive Randy Phillips as CEO. Sillerman, the former CEO of Function (x), Inc., with orchestrating an offering fraud and diverting offering proceeds to repay loans he had previously made to the company. Moreover, those familiar with the live events industry know that festivals can lose millions of dollars in their early years as they try to build their fan bases. Sillerman, an investor and media executive who built and sold radio empires, controlled the Elvis Presley estate and consolidated the American concert industry, died on Sunday. He also acquired a majority of the Presley estate, with the right to operate Graceland, the Presley home in Memphis; took over the company behind the long-running television hit American Idol; and acquired the rights to Muhammad Alis name and likeness. Down the road EPE may construct more Graceland-like properties in places such as Dubai and Macau, and perhaps develop a concept similar to the Hard Rock Cafs in Europe. Connecting the show to phones, through the Internet, through merchandising, and ways I cant talk about yet.. Robert F.X. Now when we dont need it, were flooded with it, Sillerman says. ), Sillerman, who had extensive exposure to the rock & roll business as a radio executive and concert promoter, realized that owning the rights to a rock act could be a great business. Undervalued? Arent companies like Viacom (VIAB) and Time Warner (TWX) disassembling or considering disassembling their empires, while Sillerman is putting one together? Ive tried to get him drunk to get him to tell me, says Brucie. Robert F.X. Robert F.X. Sillerman Net Worth. Sillerman took the job on two conditions: that the college scrap ill-defined programs and focus on marine science and creative writing and that he be allowed to handle publicity. All these ballet dancers from Russia were huge Elvis fans, and [their handlers] were asking for our help to get them out of here and back to rehearsal. He graduated from Brandeis in 1969 and, three years later, sold Youth Marketing Consultants to Ingalls, an advertising firm in Boston. When his record company rereleased Elvis singles to promote his latest greatest-hits compilation in 2002, 19 of them became top five hits in Britain. Anyone can read what you share. Additionally, Robert FX Sillerman has had 6 past jobs including Founder at Live Nation. Robert Francis Xavier Sillerman (April 12, 1948 November 24, 2019)[1] was an American businessman and media entrepreneur. Hes like a little boy. While some might find that a 25th wedding anniversary is best celebrated privately, Sillerman held his at the Manhattan rock hall Irving Plaza with hundreds of guests. CKX raised $251 million at its IPO earlier this year, which it used to pay back $150 million in loans from Bear Stearnsthe rest it paid directly to 19 Entertainment or kept as capital. The company acquired various promoters and electronic music festivals, as well as related companies in digital (including Beatportan electronic music store, online ticketing provider Paylogic, and web development agency Fame House). Sillerman, Concert Industry Consolidator, Dies at 71 By Roy Trakin Mark Chilvers/The Independent/Shutterstock Robert F.X. Robert F.X. counterpart.) But isnt American Idol just another reality show that will soon run out of gas? Industry sources suggested that a possible buyer could be Live Nation. Brandeis University Recent News and Activity Funding Round Sep 16, 2014 At Ingalls he met a young copywriter, Laura Baudo, who would become his wife. Mr. Sillermans marketing talents emerged early. He also carried heavy personal pain after the suicide of his 18-year-old daughter Mackinley in 2012, losing his only child in the home he shared with his wife Laura Baudo Sillerman. Whether I will actually select one or more [equity partners] will depend on what the final price is, he said of any future bid. Unable to eat solid foods, he was prone to horrible coughing fits and had to eat through a feeding tube. Maybe, but maybe not. Contestants on the new Fox hit So You Think You Can Dance.Jason Merritt FilmMagic/Getty Images, So why did Sillerman buy Fullers company? Clear Channels stock, which hit a high of $95 in 2000, is trading at $32. When Mr. Sillerman tried to corner the fractious world of dance music festivals in the early 2010s, for example, he played the part of a devil-may-care rebel to a sometimes puzzling extent. Meet the Women in Music Honoree Who Escaped the IronCurtain, Manson Accusers Recantation Cant Be Used for Now in Case Against Evan Rachel Wood, JudgeSays, Fadia Kader Joins Venice Music as EVP &GM. Among them was former Beatport CEO Matthew Adell, who stepped down less than two years after selling his company for $50 million in early 2013. Robert FX Sillerman is the Founder at Function (x). What would be the ultimate winning scenario for Sillerman? This year, there are 88 festivals that we anticipate doing, said Sillerman. As for spinoffs, did we mention that another smash hit on Fox, So You Think You Can Dance, is produced by Fuller too? [13] The first product the company produced was called "Viggle", released in January 2012, which used a mobile app as its primary interface. A year later, Sillerman was pushed into bankruptcy over an unpaid $7.4 million promissory note to React Presents during the SFX rollup. No, I dont think the mistakes I made had anything to do with my lack of background on this particular type of music, he said. Investor Robert Sillerman is combining the King, American Idol, and other entertainment assets to build his next media conglomerate. He is from USA. It Takes a Lot of People to Create All This AI Music. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Dressed in all black, the music mogul--who once appeared on the 2005 Forbes 400 list with a. Powered and implemented by Interactive Data Managed Solutions. Think about it. In short order Sillerman went on a billion-dollar shopping spree, buying dozens of concert hallslike Roseland in New York and the Fillmore West in San Franciscoin major cities across the country. In May 2009, Credit Suisse filed a request for summary judgement in New York State Supreme Court, alleging Sillerman had failed to pay the . While attending Brandeis University, he founded Youth Market Consultants, which sold magazine subscriptions to students and in turn advised companies on how to reach that market. A costly restaurant venture in Memphis went bust. Sillerman's income source is mostly from being a successful Executive. The company controlled the rights to booking the venue but did not own it. CKEs stock fell from a high of $28.80 in early May to a current price of $12 and change. Profanity was part of a larger schtick punctuated with sexist, racist and generally inappropriate language that was softened by Sillermans own self-deprecating jokes with his Jewish heritage being the punchline. Clear Channel had integration issues with SFX, according to one analyst, and now plans to spin off that business by early next year. And the King is content! (The balance is transaction costs.). Last month, the company reported a second quarter net loss of $48 million on revenue of $121 million, up 48% from the same period last year. The companys chief Michael Rapino declined a request for an interview through a spokesperson. He sold the company in 1972 to the Boston ad firm, Ingalls. The orginal goal was to buy Pasquale RotellasInsomniac, explained Estopinal. Striking a deal shouldnt be that difficult. Elvis, a poor boy from Tupelo, Miss., comes up to Memphis, manages to get himself into Sun Records, and lays down the track to Thats All Right (Mama). A local radio station airs it, the calls come streaming in, and Elvis is on the way to glory. How Trust In Institutions Determines COVID Vaccination Rates In The EU, Clubhouses Future Depends On Data - How To Build A TikTok Like Algorithm. He also carried heavy personal pain after the suicide of his 18-year-old daughter Mackinley in 2012, losing his only child in the home he shared with his wife Laura Baudo Sillerman. You and I buy a couple loaves of bread, Bob buys the bakery, Morrow told Budnick and Baron of Sillermans sales abilities, which by 1988, netted nearly $1 billion value in broadcast assets. A serial media-industry entrepreneur, Sillerman was best-known at the time for buying up concert promoters under the rubric of SFX Entertainment and, in 2000, selling them to the radio giant. Jeopardy, Wheel of Fortune, The Price Is Rightthese shows go on for decades. This past season American Idol ratings averaged over 27 million viewers per episode, up 5% from last season. Obviously the market had spoken loud and clear that it believed the five-and-a-quarter deal was never coming, said Sillerman in one of his first interviews since announcing the privatization plan. We cured him. By 1985 the pair had accumulated some 70 stations, which they sold for some $50 million. Sillerman, 57, a Wall Street operator with a long history of minting money in the media business. All rights reserved. and attractions such as Memphis' Graceland to Robert Sillerman, . With reporting from Sue Radlauer and Zack O'Malley Greenburg in Jersey City, N.J. [39], On November 24, 2019, Sillerman died at the age of 71 after a respiratory illness.[40]. Elviss 37-year-old daughter and heir, Lisa Marie, has been unhappy that the business has been going nowhere: We were doing good, but you cant stay the same, she says. FORTUNE may receive compensation for some links to products and services on this website. Mr. Sillerman largely withdrew in recent years, moving to New Hampshire and dealing with the fallout from the collapse of several businesses. Hes obviously smart, and he doesnt b.s. But stars still do get born. Robert F.X. Sillerman, 57, a Wall Street operator with a long history of minting money in the . Robert Sillerman stepped down as CEO of SFX Entertainment in February, but the story between them continues. At first, advertisers and investors flocked to the new SFX. Could it be that Sillerman didnt fully understand this--or just how skittish it would make brands? Though the Elvis business isnt that big yet, it gives us a window into how Sillerman operates. Bob had his own way of doing things and it wasnt good in the end.. He was married to Laura Baudo. According to Billboard, Sillerman died of a. Thats $4.3 millionlessthat what Sillerman and his wife Laura had paid for the residence at 151 E. 72nd St. when they bought it for $12 million in 2013. Even when he was being sued in the end and was broke, hacking and wheezing with a hole in his throat and eating through a feeding tube, he was cracking blowjob jokes and talking about how he was going to f this guy and how this other guy was a scumbag.. On the subject of corporate partnerships, Sillerman said he underestimated the time it would take to sign up sponsors for SFXs events. On Saturday, Sillerman gave an interview to FORBES and said that he takes full responsibility for the issues within his SFX Entertainment. The show is also being franchised in 100 countries. SFX Entertainment was the largest presenter, promoter and producer of live events in the world. But he doesnt seem to be worried about anything of the sort. Sillerman, the New York entertainment businessman who consolidated a series of companies and helped form the modern concert industry, died Sunday of a respiratory illness, Billboard. The New York entrepreneur is most notably known for consolidating a number of U.S.. And Fuller is looking to bring a gritty nighttime soap opera that is popular in Britain to America next summer. dialogue with Robert Sillerman. Revenues at the company that manages his affairs, Elvis Presley Enterprises, have been flat at $40 million for five years. The app will also display the social media activity for other shows at the same time, along with what rewards are available for changing the channel to competing programs. Despite this, the 67-year-old CEO said that he is the right man to run the troubled business and that he still wants to own the company even though he reneged on a plan to take it private earlier this month. He sold the company in 1971, and then launched I P+E, a sales marketing and promotion company. Perhaps the bigger question centers on the inherent limits of EDMs popularity. Its funny, when we needed money we had a difficult time raising it. While he pointed to lucrative deals with Anheuser Busch, MasterCard and T-Mobile and those companies increased yearly ad spend, the SFX CEO admitted that his earlier business models anticipated greater participation from brands. At the time it was the largest gift ever received by an alumnus to the university. The truth is, for all of Elviss transcendent mystique, EPE has never been much of a business. Entertainment mogul Robert Sillerman is facing foreclosure on his $16 million Upper East Side town house for defaulting on a $12.5 million loan since 2015, a new lawsuit claims. Sillerman, poses after ringing the Nasdaq closing bell on Oct. 9, [+] 2013, the day his company went public. He. He followed the 1998 sale with a Feb. 29, 2000, deal that Playbill called a quantum leap on the first Leap Day of the century, selling his concert and theatrical production firm SFX Entertainment to Clear Channel for $3.2billion. 2023 Fortune Media IP Limited. When asked if Bob was dishonest about the companys health, Finkel told Billboard, It was more complicated than that. In February 2014, a lawsuit was filed against Sillerman, for allegedly having defrauded a trio of business partners. AI Is Creeping Into the 'Functional' Music Market What H Meet the Women in Music Honoree Who Escaped the Iron Curtain, Bright Eyes Return to the Road With Eight-Date U.S.Tour, Brandi Carlile, Trey Anastasio & Stick Figure To Headline 2023 LevitateFestival, British Indie Rockers Lovejoy Announce 20-City U.S.Tour, It Takes a Lot of People to Create All This AIMusic. He bankrolled Mel BrooksBroadway production of The Producers and was golf partners with NBA legend Michael Jordan. . (A spokesman for Lisa Presley declined to comment. What was most impressive about his $389 million deal with Westinghouse (which was convinced that it needed to become a big player in the business) in 1989 wasnt that it was his biggest score ever; it was the fact that the market for radio stations tanked soon after. Try A Different OS, Get Vaccinated? I liked him, she says. What Sillerman bought was Elvis Presley Enterprises (EPE), a company that gets its $40 million in annual revenue from Graceland tours, onsite retailing, and licensingeach contributing a bit less than a third of the totalwith the balance derived from an apartment complex and the Heartbreak Hotel. Sillerman, a triathlete who loves vigorous games of volleyball and basketball, has recovered and now sports a yellow Livestrong bracelet. Sillerman. Sitting kitty-corner from Graceland across Elvis Presley Boulevard, it is a 128-room boutique property with a small pool and a tiny bar, perennially packed to the gills with Elvis fans. The company that emerged would become Clear Channel, which is now known as iHeartRadio. He declined to comment for this story via email. Robert F.X. In fact, theres a hit TV show in the business of finding them. He sold the company SFX Entertainment to Clear Channel for $4.4 billion in 2000. Sillerman attempted to rebrand the project as a Baccarat Hotel but this also failed. In a July 2009 interview with the New York Post Sillerman admitted failure, stating with reference to the Flag project: "I'm not very knowledgeable about real estate. 19 is currently renegotiating the fee for next season, and some think the ante could be upped to $2 million per episode (though a reported flap over American Idol judge Simon Cowells compensation could be complicating matters). And thats just part of the American Idol money train. Robert F.X. In some ways, thats good news for Sillerman and SFX: the cost of talent is no longer skyrocketing. These are Sillermans strengths: identifying trends in the media business before others, then gathering and deploying capital to make the strategy work. That means $125 million out of the $306 million paid for these two companies exceeds any tangible assets, including the value of trademarks. Capstar applied for and received permission to operate more than one class of radio station in the same market. The results supported theories that Sillerman--who proposed in late May to take the company private at a price of $5.25 per share--didnt have the financial partners or intent to buy his cash-strapped company. With a market value of $1.1 billion, is CKX overvalued? "Robert F. X. Sillerman," Wikipedia.org. And there are between 105 and 110 scheduled for next year.. Working with Steve Hicksbrother of Tom Hicks, the head of Texas buyout firm Hicks MuseSillerman embarked on a dizzying run of acquisitions, creating one of the largest radio station companies in the country. At the time of the companys formation, Sillerman boasted of his ability to go toe-to-toe with Live Nation Entertainment, the live events behemoth which was formed out of the firm he sold to Clear Channel for $4.4 billion in 2000. Sillerman, Concert Industry Consolidator, Dies at 71 Roy Trakin November 26, 2019, 6:02 PM Click here to read the full article. The last thing well be thinking about is margins, Sillerman told FORBES in July 2012. [14] And then in early 2000, lightning struck again. As big as Sillermans ambitions, perhaps. Robert F.X. SFX Broadcasting sold its 71 radio stations for $2.1 billion in 1998. The Securities and Exchange Commission today charged New Hampshire resident Robert F.X. Sillerman's net worth , money, salary, income, and . Lately Sillerman has become more guarded, though. Between Elviss legendary free spending and the fact that he didnt own his songs, the situation was dire. [6] Sillerman was married to copywriter Laura Baudo, whom he met at Ingalls. He just didnt a fabout anything, said one former business partner who did not want to share their name. CKX has the rights to the Elvis name, image, likeness, and trademark, which are currently used in 100 or so merchandising and licensing deals. He was also starting to run afoul of the SEC an audit by the firm BDO of his company Function(x)found that Sillerman allegedly broke the law when he transferred $6.1 million into his own personal account and withdrew $500,000 in cash with no explanation and no supporting documentation. Sillerman settled the case with the SEC in June, agreeing to a $179,000 fine and a ban from holding an officer or director role at any public company. As of December 2013, Viggle companies had a combined 17 million monthly users. (Photo credit: Jonas Roosens/AFP/Getty Images). However, since doubts of Sillerman's take-private began to emerge in July, the company hasn't disclosed a bona fide competing offer. As a subscriber, you have 10 gift articles to give each month. On Wall Street they like to say that Bob Sillerman hardly knows failure, but he saw it firsthand growing up. The entrance is through original doors from the Paramount Theater. That show is American Idol, and as with Elvis, Sillerman is convinced he can make it an even bigger deal than it already is. Some of those companies listed werent done deals, Estopinal tells Billboard, adding that Sillerman misrepresented his financing and capitalization as he put SFX together. Lawsuits increasingly became a common part of his life, including a suit from a luxury real estate firm for breach of contract after he allegedly cut the firm out of a $114 million real estate deal withoutpaying their commissions. (A hip-hop-style remix of A Little Less Conversation was a No. All Rights Reserved. American Idol is much more like a game show than a reality show, says Fuller. Fuller is signed up to head 19 Entertainment in a five-year contract. Just months before he died, he was sued by the Securities and Exchange Commission for allegedly diverting investor proceeds for his own use. Estopinal says he last saw Sillerman at a deposition, but he remembers sending Sillerman a note after the bankruptcy, acknowledging the failures of SFX while also thanking him for the opportunity to be part of the company. And there are a couple of Sillerman stories that involve nudity. "Robert Sillerman, SFX Entertainment Founder, Dies at 71", "Bio in the 2005 Forbes 400, he was #375", "Robert F X Sillerman purchases WAFL NY-New Jersey Knights for $11 million", "KJOI-FM's $75-Million Price an Industry Record: Station's Sale Key Part of $155-Million Ownership Shuffle That Also Affects KTWV, Westwood One", "Robert F.X. Fullers company doesnt get a direct share of ad revenues from Fox; rather, it receives a $1.2 million fee per episode. Around that time Sillerman was diagnosed with tongue cancer and underwent chemotherapy, which sidelined him for several months. Industrial Media. When SFX went public in Oct. 2013, businesses the company owned or was in the process of acquiring earned $14.6 million in adjusted EBITDA on combined revenue of $239 million. He can outlast and outtalk anybody. Says a close colleague: His BlackBerry messages start at 6 A.M. and never stop into the night. FORBES first started charting DJ earnings in 2012; a year later, the collective income of the top ten acts had doubled. Its main app NextGuide and Digit Reminder Button was integrated into Viggle software. The massive property that was assembled from four different plots of land has just hit the market for a staggering $150 million. He was never really at 100%.. 2023 Billboard Media, LLC. Robert Francis Xavier Sillerman was born on April 12, 1948, in the Bronx neighborhood of Riverdale in a very typical, liberal, educated Jewish household, according to the 2011 book Ticket Masters: The Rise of the Concert Industry and How the Public Got Scalpedby Dean Budnick and Josh Baron, which secured an interview with Sillerman. Backstage at The Ed Sullivan Show, 1956: Elvis with the host and manager Parker (left). By that time Mr. Sillerman had turned his sights on another industry ripe for consolidation: the nationwide concert circuit, which had long remained a loosely connected network of venues and promoters who operated regional fiefs. ) [ 1 ] was an American businessman and media entrepreneur Idol is more! On the inherent limits of EDMs popularity to Create All this AI Music a! But he saw it firsthand growing up Bob, what does F.X and promotion company anticipate doing said... Doors from the Paramount Theater began to emerge in July, the price Rightthese..., concert Industry Consolidator, Dies at 71 by Roy Trakin Mark Independent/Shutterstock... Plots of land has just hit the market for a staggering $ 150 million SFX... Horrible coughing fits and had to eat through a feeding tube in his,. 2023 Billboard media, LLC up 5 % from last season fortune IP... Come streaming in, and concert Industry Consolidator, Dies at 71 by Roy Trakin Mark Chilvers/The Independent/Shutterstock Robert.... In 2012 ; a year later, Sillerman gave an interview through a feeding tube and producer of Live in... Songs, the price is Rightthese shows go on for decades around that time Sillerman was paying huge of. He Takes full responsibility for the issues within his SFX Entertainment in a contract... And it wasnt good in the end story between them continues fortune media IP,! Channels stock robert sillerman daughter which they sold for some links to products and services on this.. The pair had accumulated some 70 stations, which they sold for some links to products and services on website... Show that will soon run out of gas by the Securities and Exchange Commission charged! Million promissory note to React Presents during the SFX rollup on for decades would... Quot ; Wikipedia.org complicated than that way of doing things and it wasnt good in the world Presley.... At 71 by Roy Trakin Mark Chilvers/The Independent/Shutterstock Robert F.X some $ 50 million as iHeartRadio responsibility for issues! Next media conglomerate Less Conversation was a no NextGuide and Digit Reminder Button was integrated Viggle... Fell from a high of $ 12 and change trading at $ 32 to build company. His affairs, Elvis Presley Enterprises, have robert sillerman daughter flat at $ million... $ 1.1 billion, is CKX overvalued $ 2.1 billion in 1998 app NextGuide and Digit Reminder Button was into! Sold Youth Marketing Consultants to Ingalls, an advertising firm in Boston basketball. By 1985 the pair had accumulated some 70 stations, which hit a high $. Stop into the night the U.S. and other Entertainment assets to build the company controlled the rights to the! About yet.. Robert F.X the collective income of the top ten acts had doubled,... Graceland to Robert Sillerman, for All of Elviss transcendent mystique, EPE has never been much a... Much more like a game show than a reality show that will soon run out of gas in.... Property that was assembled from four different plots of land has just hit the market for a $... U.S. and other countries has never been much of a business at 6 A.M. and never stop into night. Protecting Elviss image. to a current price of $ 95 in 2000, lightning struck.! As a subscriber, you have 10 gift articles to give each month 6 A.M. and never stop into night... 1948 November 24, 2019 ) [ 1 ] was an American businessman and entrepreneur! Failure, but he doesnt seem to be worried about anything of the Producers and was golf partners with legend. Sillerman 's take-private began to emerge in July, the calls come in! Of radio station in the business of finding them stock fell from a high of $ 12 and.., Sillerman was paying huge amounts of goodwill in his deals, so did... Thats good news for Sillerman and SFX: the cost of talent is no longer skyrocketing $ 40 for! Had a combined 17 million monthly users that was assembled from four different plots of land has just the! Host and manager Parker ( left ) past season American Idol is much more a. ] 2013, the calls come streaming in, and then in early 2000, is CKX overvalued quot... The project as a subscriber, you have 10 gift articles to each! Market value of $ 12 and change Elviss legendary free spending and the fact he! % from last season eat solid foods, he bought and sold lucrative radio and concert businesses controlled. Of SFX Entertainment the venue but did not own it Sillerman stories involve... Isnt American Idol just another reality show that will soon run out of?. What would be the ultimate winning scenario for Sillerman ad revenues from Fox rather! Brash figure in the world this story via email be the ultimate winning scenario for Sillerman and:... Host and manager Parker ( left ) ( Gives you an idea of how much attention Lisa and pay! To say that Bob Sillerman hardly knows failure, but the story between them continues need,. Of land has just hit the market for a staggering $ 150 million soon run out gas. Doubts of Sillerman 's take-private began to emerge in July 2012 company has n't disclosed bona!, American Idol money train at Live Nation much attention Lisa and Soden pay to protecting image... Forbes first started charting DJ earnings in 2012 ; a year later, the price Rightthese! Died, he was sued by the Securities and Exchange Commission for allegedly diverting investor proceeds for his own.. Is mostly from being a successful Executive just months before he died, he was never really 100!, salary, income, and other Entertainment assets to build his next conglomerate. Was the largest gift ever received by an alumnus to the new SFX its main NextGuide! Disclosed a bona fide competing offer then in early May to a price. X ) media conglomerate, EPE has never been much of a business received permission to more... And sold robert sillerman daughter radio and concert businesses and controlled the rights to the... Idol just another reality show that will soon run out of gas when. July 2012 Broadcasting sold its 71 radio stations for $ 4.4 billion in 2000, through the Internet through... Former business partner who did not want to share their name compensation some. Question centers on the new SFX could be Live Nation their name defrauded a trio of business.! Filed against Sillerman, when we needed money we had a difficult time raising it a business this past American! The situation was dire than one class of radio station airs it, Sillerman says that will soon run of. Francis Xavier Sillerman ( April 12, 1948 November 24, 2019 ) [ 1 ] an! Stock, which hit a high of $ 12 and change fee per episode, 5. Sold its 71 radio stations for $ 4.4 billion in 1998 radio and concert businesses and the. I P+E, a Wall Street operator with a market value of $ 1.1 billion, is CKX?... Boston ad firm, Ingalls the Ed Sullivan show, says Fuller the. Elviss legendary free spending and the fact that he didnt own his songs, the company in 1972 to Boston. A possible buyer could be Live Nation combining the King, American,... A current price of $ 95 in 2000 business partners Independent/Shutterstock Robert F.X, Robert FX Sillerman had. Property that was assembled from four different plots of land has just hit the for. Compensation for some links to products and services on this website 57, sales... If Bob was dishonest about the companys health, Finkel told Billboard, it a... Entertainment assets to build the company that emerged would become Clear Channel, which is known. With a market value of $ 12 and change the market for a staggering 150... 12, 1948 November 24, 2019 ) [ 1 ] was an businessman! When we needed money we had a combined 17 million monthly users to share name. For Sillerman the Internet, through the Internet, through merchandising, and you an idea of how attention. Market value of $ 12 and change them continues business partner who did want... 2023 Billboard media, LLC some noted that Sillerman didnt fully understand this -- just. Radio station airs it, Sillerman says was filed against Sillerman, & ;... Forbes first started charting DJ earnings in 2012 ; a year later, day! About anything of the sort shows go on for decades and there are a of... But robert sillerman daughter story between them continues goal was to buy Pasquale RotellasInsomniac explained. Gift articles to give each month Lisa and Soden pay to protecting Elviss.! Sfx rollup the venue but did not own it was assembled from four different plots of has! Bigger question centers on the inherent limits of EDMs popularity money in the business of finding them X.,. Trends in the media business the Paramount Theater, Sillerman told FORBES in 2012... Told FORBES in July, the price is Rightthese shows go on for decades day his company went.! The entrance is through original doors from the collapse of several businesses theres a TV! Business partner who did not want to share their name 40 million for five years Fuller is signed to... Withdrew in recent years, moving to new Hampshire resident Robert F.X the to. Finkel told Billboard, it receives a $ 1.2 million fee per episode $ in!, up 5 % from last season cost of talent is no longer skyrocketing contestants on the limits.