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.;Â Robinson & Cole, LLP
Amount Owed: $5,000,000
6. Laurie DePalma
Mitchell Lambert, Esq.;Â 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
20. ID&T BVBA
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
