INSIDE SFX: Financial Filings Reveal A Deeply Trou

February 22, 2016, 01:05 PM

According to detailed financials made public as part the SFX Entertainment bankruptcy proceedings, the troubled promoter fell well short of expectations. At the beginning of 2015, its guidance was $500,000 of revenue with earnings of $60-70 million. Instead, 2015 revenue was $336.9 million - the same as 2014 - with a loss of $18 million.

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