Sillerman Steps Down As CEO

Robert Sillerman reportedly confirmed March 31 the abdication of his role as CEO of SFX following a more than 99 percent decline in its stock price since a $12-per-share rollout.

“We had a bold vision, a revolutionary one,” Sillerman’s letter to staff reportedly says. “That we stumbled along the way can never detract from the energy and hope that brought us together.”

Yet, Sillerman says he will remain chairman of the board and that this is more of a reboot than a surrender. SFX’s rolled-up properties include Disco Donnie Presents, the promoters of Tomorrowland, TomorrowWorld and Mysteryland, and the promoters of Electric Zoo.