Function(x) future unclear as Sillerman heads for bankruptcy
Robert Sillerman's attempts to build an SFX-style clickbait empire could be reaching their end, as the Function(x) founder files for chapter-11 bankruptcy
News By | 12 February 2018
Robert Sillerman’s troubled Function(x) web business is edging closer to insolvency following attempts by creditors to force the former SFX Entertainment chief into involuntary bankruptcy.
Chicago-based EDM promoter React Presents and its ticketing platform, ClubTix, in December 2017 won a judgment against Sillerman over an unpaid US$10m promissory note relating to the company’s 2014 acquisition by SFX. SFX filed for bankruptcy in February 2016 owing almost half a billion dollars.
Sillerman has since filed a petition to convert React’s…
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