SFX Entertainment’s List Of Unpaid Debts Emerges From Bankruptcy Filing


SFX Entertainment's List Of Unpaid Debts Emerges From Bankruptcy Filing

EDM conglomerate SFX Entertainment has found itself the subject of ongoing scrutiny in light of its recent bankruptcy filing, and in the days that have passed, numerous details of the company’s unsavory business practices have come to light. Most recently, after its bankruptcy filing, a list of SFX’s outstanding debts has reached the public.

Digital Music News obtained the list, and narrowed it down to only the 40 largest amounts. Among the more noteworthy individuals named is promoter Paolo Moreno, whom was just awarded an $11 million settlement after suing SFX Entertainment CEO Robert F.X. Sillerman for stealing the ideas which led to the company’s formation.

Many of the companies listed share direct ties to SFX – which would suggest a common interest in the company’s recovery. CrowdRX, for instance, was founded by SFX board member Andy Bazos – not to mention Postlight, which we revealed to have been an agency founded by laid-off Beatport engineers that the corporation apparently used as a means of avoiding a media circus.

The full list of the 40 biggest outstanding debts owed by SFX Entertainment is as follows:

1. Mountain B.V. (Jeroen H.J. Preller)

Amount Owed: $11,682,500

2. Lewis Holdings B.V. (Jeroen H.J. Preller)

Amount Owed: $11,682,500

3. Paolo Moreno; Gabriel Moreno; Lawrence Vavra; John C. Hueston

Hueston Hennigan LLP

Amount Owed: $7,000,000

4. React Presents, Inc.; Clubtix, Inc.; Lucas King; Jeffrey Callahan

Harlan D. Kahn, Esq.

Bronson & Kahn, LLC

Amount Owed: $5,829,000

5. Mike Bindra

Mitchell Lambert, Esq.; Robinson & Cole, LLP

Amount Owed: $5,000,000

6. Laurie DePalma

Mitchell Lambert, Esq.; Robinson & Cole, LLP

Amount Owed: $5,000,000

7. Beggars Canyon Investments Pty Ltd., trustee of The Skywalker Family Trust

Amount Owed: $4,320,000

8. Nightlife Holdings, LLC

Amount Owed: $3,000,000

9. Winston Farm Limited Partnership

Amount Owed: $2,750,000

10. Hoeksema Holdings B.V.

Amount Owed: $2,511,465

11. The Deyson Trust

Amount Owed: $1,800,036

12. The Raff Family Trust

Amount Owed: $1,800,036

13. The F. Cotela Family Trust

Amount Owed: $1,800,036

14. Paul Hastings LLP; William Sullivan, Esq.

Amount Owed: $1,758,105

15. Wesselink Holdings B.V.

Amount Owed: $1,635,248

16. BDO; Thomas McLoughlin

Amount Owed: $1,156,295

17. The Robot Samba Trust

Amount Owed: $1,080,000

18. VistaJet US

Amount Owed: $1,013,974

19. Jan Willem van der Meer

Amount Owed: $792,173


Amount Owed: $641,440.27

21. A2 Live

Amount Owed: $540,138.64

22. Berco Beute

Amount Owed: $528,113

23. Steptoe & Johnson

Michael Rennock, Esq.

Amount Owed: $480,292.72

24. American Express

Amount Owed: $450,000

25. Epic Tents

Amount Owed: $442,648.17

26. Joe Rascoff

Amount Owed: $360,000

27. NetSuite

Amount Owed: $347,591.21

28. PRS for Music (formerly MCPS)

Amount Owed: $327,681.50

29. Postlight LLC

Amount Owed: $315,000

30. Facebook, Inc.

(David M. Serepca)

Amount Owed: $313,904.42

31. GAIA

Amount Owed: $309,645.48

32. Front Gate Ticketing Solutions LLC

Amount Owed: $301,385.91

33. Mabey, Inc.

Amount Owed: $290,329.73

34. Sunbelt Rentals, Inc.

Amount Owed: $282,358.23

35. Nachtlab

Amount Owed: $276,648.17

36. Prisa Mexico

Amount Owed: $273,577.91

37. Crowd RX

Amount Owed: $269,603.89

38. Galmiche Entertainment

Amount Owed: $257,573.45

39. Enterprise Rent a Car

Amount Owed: $250,645.68

40. Paxahau

Amount Owed: $222,436.21

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