In just the latest of a string of acquisitions including Beatport, Disco Donnie Presents, and Dayglow, SFX Entertainment is set to acquire and add the large ticketing/marketing company Flavorus into their roster.
“We are excited to have Flavorus join the SFX family,” said Robert FX Sillerman, Chairman and CEO of SFX Entertainment. “We are building a new, contemporary model for ticketing and their strength in complex technology, self-serve platforms and promotion will be very helpful as we introduce the next generation of ticketing experience to the music industry.”
Flavorus is now going into its 15th year of ticketing as a company and has exclusive rights to many festivals and shows including Electric Daisy Carnival and HARD Events. It is expected that Flavorus will continue normal business practices as before, and the acquisition should not affect the day-to-day.
The price of the acquisition was not mentioned but will likely be revealed once the buyout is finalized.
via Yahoo! Finance