There’s only one name that comes to mind when you bring up the terms “big money” and “EDM.” That name is none other than Robert Sillerman, the CEO of SFX, the entertainment monster who has been who has been eating up companies left and right like there’s no tomorrow. With the plummeting stock of Sillerman’s company, there just may be no tomorrow in the grand scheme; even though the mogul’s compensation from SFX doubled from 2012 to 2013. Last year Sillerman’s compensation was doubled to $30.3 million, which sounds quite impressive, but his worth isn’t in the form of tangible money. Stock and option awards are the basis of this income meaning that their worth is flexible with the worth of the company.
As electronic music’s popularity grows, it will be interesting to see just what SFX has to contribute to its development. Will we be led to our mainstream demise or will we be solidified into mainstream culture to stay? I don’t have the answers, but the future does.
Source: Billboard
