robert sillerman daughter
Once Morrow had a beef with the late-night deejay at their Middletown station. That business was built from a spree of acquisitions from 1997 to 2000 when Sillerman bought up Houston outfit Pace Concerts, New York promoter Delsener/Slater enterprises, Boston big man Don Laws Blackstone Entertainment, Los AngelesAvalon Attractions, Jack Boyles Cellar Door International, Bill Graham Presents in Northern California and Jimmy Koplicks 4,800-seat Oakdale Theater in Wallingford, Connecticut. Sillerman attempted to rebrand the project as a Baccarat Hotel but this also failed. Even very young people. During its public run, the company also sold $295 million debt to finance additional acquisitions and fund operating losses. ), Sillerman with Rod Stewart and Dick Grasso at the NYSE.Henny Ray Abrams AFP/Getty Images. Bob can sell anythingit doesnt matterhe has that kind of head. (Morrow says it was he who enlisted Sillerman, not the other way around. He was never really at 100%.. These are Sillermans strengths: identifying trends in the media business before others, then gathering and deploying capital to make the strategy work. It declared bankruptcy in 2016, and many of the assets it had amassed were sold off. Thats the whole game., Robert F.X. Read the original story on The New York . His cost basis on these shares? The show is also being franchised in 100 countries. When SFX began bursting at the seams, in no small part because of his mismanagement, Sillerman again reneged. You may opt-out by, 2013, the day his company went public. In 2001, Britains ITV put Fullers baby, Pop Idol, on the air. He bankrolled Mel BrooksBroadway production of The Producers and was golf partners with NBA legend Michael Jordan. In 2010, he re-emerged with a second strings-attached take-private bid, but CKXs board chose to sell the company to Apollo Global for $5.50 a share, a bruising result for investors. Their daughter, Mackinley, died in 2012. I just love it.". We dont have enough time on this call to talk about the mistakes I made, said Sillerman during a 30-minute phone conversation from his New York City home, his voice gravelly and occasionally interrupted by a breathing apparatus due to a past bout with tongue cancer. There are so many ways to exploit that level of awareness. Sillerman, poses after ringing the Nasdaq closing bell on Oct. 9, [+] 2013, the day his company went public. Bob went out and taught salespeople; I taught the on-air staff. Sillerman Dies at 71; Built Entertainment Empires, https://www.nytimes.com/2019/11/28/arts/music/robert-fx-sillerman-dead.html. CKX also gets royalty rights to 24 Elvis movies. More and more content can go directly to consumers through cellphones, devices like iPods, and home video, which makes content even more valuable. But doesnt Sillermans strategy fly in the face of what big media is doing right now? Details surrounding the companys formation remain disputed, and today Sillerman faces a lawsuit from acquaintances who allege that they are cofounders. That lit a fire under the radio business, and Sillerman plunged back in, buying more radio stations, leveraging up his new company, and securing investments from the Bass family and Security Pacific bank, among others. ", "Mobile app Viggle sets terms for $50 million NASDAQ listing", "GetGlue Sale to Sillerman's Viggle Cancelled", "GetGlue Acquired by Viggle for $25M, 48.3M Shares of Stock", "Viggle Buys Dijit Media, in Another Second-Screen TV Mashup", "Viggle Acquires Dijit, Will Connect Its Rewards Program To Dijit's TV Discovery App", "With Over 9.5 Million Registered Users, Viggle Expects Fiscal 2015 Revenue to Increase More Than 40% Year-Over-Year to $25.6 Million", "SFX Beefing Up Digital Capabilities, Plans to Buy Tunezy, Fame House and Arc90", "Mogul to Increase Bets on Electronic Dance Music", "SFX Enters Ticketing Business with $16.2 Million Acquisition of Europe's Paylogic", "Electronic music promoter SFX files for $175-million IPO", "Robert F.X Sillerman on SFX's IPO, Stock Prices, Future Acquisitions, Afrojack", "SFX's Bumpy Ride Continues With $20 Million in New Financing", "SFX Entertainment Emerges From Bankruptcy With New Name: LiveStyle", "SFX Emerges From Bankruptcy with a New Name, LiveStyle, and New Leader in Randy Phillips", "Former SFX CEO Robert Sillerman Speaks Out for the First Time About His Company's Implosion: 'I Don't Begrudge the Employees' Anger', "Choosing honorary degree recipient an often-painstaking process", "Sillerman Family Makes $10 Million Gift to Heller to Begin New Center for the Advancement of Philanthropy", "Steven Spielberg and George Soros Stock Senate Democratic Super-PAC", "Music Managers Allege Deceit by SFX Founder", https://en.wikipedia.org/w/index.php?title=Robert_F._X._Sillerman&oldid=1135076047, American entertainment industry businesspeople, American telecommunications industry businesspeople, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 January 2023, at 14:00. (Critics at the time complained that Sillerman overstepped his role by collecting fees for acting as both his companys financial advisor and investment banker during this period.) Steve Hicks left to join another radio venture after a few years, and in 1997, Sillerman sold SFX, which then owned some 70 radio stations, to Hicks Muse for $75 a share, or $2.1 billion. Connecting the show to phones, through the Internet, through merchandising, and ways I cant talk about yet.. But the companys performance was weak, and its stock price eventually plunged by more than 95 percent. CKX already carries a load of goodwill, $14 million from the Presley deal, and $111 million from the 19 transaction. Im not very knowledgeable about real estate, he reportedly told the New York Post at the time. I ask Sillerman about his revenue and income projections for his Elvis and American Idol businesses. He made a lot of people wealthy, and he made himself even wealthier., Visit with Sillerman for an hour or two in his Manhattan office, and you are likely to get a rapid-fire discourse on politics from the 1960s to today, or rock & roll radio, or Thoreau, or education in America, or all of the above. His timing seemed impeccable. [29] In December, the company went private and was renamed LiveStyle, with Sillerman exiting the company in favor of former AEG Live executive Randy Phillips as CEO. As of December 2013, Viggle companies had a combined 17 million monthly users. And the King is content! [38] The dispute was settled out of court for an undisclosed amount. An October IPO on the NASDAQ raised $260 million for the company with shares priced at $13, but in the space of two-and-a-half years, the price of the company dropped to a penny a share. When things were going bad, he was looking for ways to try and make it work, Finkel said. On the subject of corporate partnerships, Sillerman said he underestimated the time it would take to sign up sponsors for SFXs events. Why? Sillerman had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. Sitting kitty-corner from Graceland across Elvis Presley Boulevard, it is a 128-room boutique property with a small pool and a tiny bar, perennially packed to the gills with Elvis fans. Its main app NextGuide and Digit Reminder Button was integrated into Viggle software. David Lieberman, "'American Idol' Owner CKX Sells To Financial Firm, Ending Robert F.X. The founder. Posh Spice). In addition to concerts, Robert F.X. I also thought she was shrewd and perceptive. With a market value of $1.1 billion, is CKX overvalued? Sillerman, Transform Television? This ultimately led to the Telecommunications Act of 1996 allowing for ownership of multiple stations in single markets Capstar merged with Command Communications, another radio group Sillerman founded, ultimately changing its name to SFX Broadcasting. He seems to have a knack for selling just when markets are at their peak, which has given some buyers severe indigestion. Sillerman, an investor and media executive who built and sold radio empires, controlled the Elvis Presley estate and consolidated the American concert industry, died on Sunday. Sillerman with Rod Stewart and Dick Grasso at the NYSE. He doesnt want to mess with anything. Offers may be subject to change without notice. Attracting funds, at least at this point, wont be a limitation. In the years following that tragic 2012 event, he was often treated as a cartoon villain in the media, trying for a third, fourth and even fifth act in business, and some say the death of his daughter hardened him to any criticism. He was a good guy, but he knew he did bad things, Estopinal tells Billboard, noting that Sillerman was suffering from the complications of throat surgery through all of the SFX misadventure. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The lawsuit is set to go to trial in October in a federal court in Los Angeles and has been one of a handful of elements to weigh heavily on SFXs stock in the last year. 2023 Billboard Media, LLC. [10], Leading CKX, Inc., Sillerman bought majority rights to Graceland, the Elvis Presley estate;[11] as well as the assets of Simon Fuller's 19 Entertainment, whose assets include TV hit American Idol and managed clients including football player David Beckham. Ethan Miller/Getty Images for Cirque du Soleil; Douglas Elliman, 2023 NYP Holdings, Inc. All Rights Reserved, Inside the Hamptons trailer park thats become a playground for millionaires, Kevin Loves model wife goes house-hunting after Heat deal, See Ashton Kutchers Your Place or Mine building in NYC, Mark Wahlberg finally sells mansion after massive $32M price cut. and attractions such as Memphis' Graceland to Robert Sillerman, . Robert, who grew up in the Riverdale section of the Bronx, was born on the third anniversary of the death of Franklin D. Roosevelt, and his original middle name was a tribute to the former president. I dont want to be like Martha Stewart and talk about what I shouldnt, Lisa says with a chuckle. Only Mike Darnell [at Fox] got it straight away., Man in the middle: Simon Fuller (in back) with Idol stars Kelly Clarkson, Ruben Studdard, and Fantasia Barrino.Ray Mickshaw WireImage/Getty Images. Over half a million tourists from all over the world stream into the shrine called Graceland each year. All Rights Reserved. The company was sold to Clear Channel in 2000 and became the basis for Live Nation five years later. SFX now has a market capitalization of $88 million. It was a smash right off the bat. (Photo: Robin Marchant/Getty Images). That means $125 million out of the $306 million paid for these two companies exceeds any tangible assets, including the value of trademarks. Sillerman, the entertainment. After the sale, Sillerman went on another buying spree, purchasing the rights to Graceland, the Elvis Presley Estate,Simon Fullers 19 Entertainment and an 80% stake in Muhammad Ali Enterprises. Sillerman was a significant player on Broadway. We've received your submission. Later, the private equity firm Apollo Global Management acquired CKX in 2011. Few suggest the genre is decliningnot yet, anywaybut theres evidence that points to a plateau. Not bad for a years work. And I haven't a fucking clue what they do or what they're talking about. What was most impressive about his $389 million deal with Westinghouse (which was convinced that it needed to become a big player in the business) in 1989 wasnt that it was his biggest score ever; it was the fact that the market for radio stations tanked soon after. In 2017, he almost lost the home after defaulting on a $12.5 million loan, The Post reported at the time. He is also the founder of Viggle and the namesake of The Sillerman Center for the Advancement of Philanthropy at Brandeis University. The founder of SFX Entertainment rarely spoke about the impact of his daughter's death but his friends say it weighed on him and changed his outlook. He graduated from Brandeis in 1969 and, three years later, sold Youth Marketing Consultants to Ingalls, an advertising firm in Boston. Sillerman became one of the most intriguingand wealthiestmen in music by twice betting on his vision for the future of mass media. Backstage at The Ed Sullivan Show, 1956: Elvis with the host and manager Parker (left). But an informed source says that Lisa Presleys spending habits were also an issue: She had been running through $5 million to $7 million a year, amounts that closely matched the annual net income of EPE. [12], In May 2009, Credit Suisse filed a request for summary judgment in New York State Supreme Court, alleging Sillerman had failed to pay the outstanding balance due under a credit agreement with Flag Luxury Properties LLC and that Sillerman defaulted on a series of payments due since April 2008, totaling $21.4 million. In December 2016, former SFX board member Mitch Slater sued Sillerman for an unpaid $2.5 million loan from 2015. We bought companies based on what we anticipated that we could bring in incremental sources of revenue.. Sillerman, Concert Industry Consolidator, Dies at 71 Roy Trakin November 26, 2019, 6:02 PM Click here to read the full article. stand for? Brucie and Bob bought more stations and worked their magic on operations. Another show with legs? Sillerman in the gift shop at Graceland, Elvis Presleys home in Memphis. 19 did some $92 million in revenues last yearwith about a third coming from the Idol showsand earned $12.6 million. No question we could build a convention-sized hotel here, says Soden. He also acquired a majority of the Presley estate, with the right to operate Graceland, the Presley home in Memphis; took over the company behind the long-running television hit American Idol; and acquired the rights to Muhammad Alis name and likeness. He managed Annie Lennox and the Eurythmics, and then created the Spice Girls. But isnt American Idol just another reality show that will soon run out of gas? In 2011, Apollo Management purchased CKX in 2011 for $512 million. The company has teased burned investors with an "indication of interest" from an unnamed bidder. I dont know whether its directed at a specific individual, or a type of individual, or more as my interpretation of Albert Einsteins fabulous quote: No problem can ever be solved from the same level of consciousness that created it. And thats what Ive done my whole life. He was an executive. Just ask the makers of the smash-hit movie Lilo and Stitch, who used an Elvis soundtrack to great success. The CK stands for content is king, while the X is a reference to one of his middle initials (they are F.X., and he wont tell anyone what they stand for). Once on the Forbes 400 list, he also briefly owned the WLAF's New York/New Jersey Knights. [35] For thirteen years, Sillerman served as the Chancellor of Southampton College and is the founder of The Tomorrow Foundation. By then Sillerman was already toiling away on his next project, SFX Entertainment, a company that would own concert venues and other media properties. Sillerman, a triathlete who loves vigorous games of volleyball and basketball, has recovered and now sports a yellow Livestrong bracelet. In May 2009, Credit Suisse filed a request for summary judgement in New York State Supreme Court, alleging Sillerman had failed to pay the . Sillerman's net worth , money, salary, income, and . Nearly three years ago, Robert F.X. Between Elviss legendary free spending and the fact that he didnt own his songs, the situation was dire. The transaction renamed the company to Function (X), Inc. and changing its listing on the stock exchange to FNCX. American Idol is the No. Elvis was available. (Note: CKX also recently bought MBST, a small talent agency in L.A., which does advisory work for the Beatles company, so stay tuned.) Sillerman already has 18 acres on the Strip through MJX, a real estate company he controls. Despite this, the 67-year-old CEO said that he is the right man to run the troubled business and that he still wants to own the company even though he reneged on a plan to take it private earlier this month. We had to do something right away to make money, and that something was to open up Graceland for tours., On the first day Soden and Elviss ex-wife, Priscilla, opened up the Memphis mansion, 3,024 fans filed in, paying $5 each. Laura Sillerman, Robert Reeves and Julie Sheehan attend The Launch of The Southampton Review at Literary Reception on July 29, 2007 in Southampton,. This isnt the first time Sillerman has failed to live up to his word when trying to buy back a company he listed on the public markets. Maybe, but maybe not. Ive tried to get him drunk to get him to tell me, says Brucie. A brash figure in the financial pages, he bought and sold lucrative radio and concert businesses and controlled the Elvis Presley estate. (The balance is transaction costs.). "Robert Sillerman, SFX Entertainment Founder, Dies at 71", "Bio in the 2005 Forbes 400, he was #375", "Robert F X Sillerman purchases WAFL NY-New Jersey Knights for $11 million", "KJOI-FM's $75-Million Price an Industry Record: Station's Sale Key Part of $155-Million Ownership Shuffle That Also Affects KTWV, Westwood One", "Robert F.X. The company that emerged would become Clear Channel, which is now known as iHeartRadio. And she had a great sense of humor., Here then are the terms of the deal between Sillerman and Lisa Presley: CKX paid $114 million for an 85% interest in Elvis Presley Enterprises; Lisa retains the other 15%. Says his longtime business partner, disc jockey Cousin Brucie Morrow: Bob is very exhausting to be with. On Saturday, however, Sillerman was fielding questions on whether the company would go bankrupt--he said there was a zero percent chance--and admitting that he didnt work with the right people. Its also unclear if he was ever the right man for the job. Sillerman, 57, a Wall Street operator with a long history of minting money in the . A crucial part of his strategy was using the nationwide audience at SFXs shows to lure sponsorship deals by big consumer brands like Smirnoff and Levis. The results supported theories that Sillerman--who proposed in late May to take the company private at a price of $5.25 per share--didnt have the financial partners or intent to buy his cash-strapped company. He also carried heavy personal pain after the suicide of his 18-year-old daughter Mackinley in 2012, losing his only child in the home he shared with his wife Laura Baudo Sillerman. Sony Pictures Television Nonfiction (formerly known as CKX, Inc., CORE Media Group, Inc. and Industrial Media, LLC) is an American company founded on February 7, 2005, that owns and develops entertainment content and intellectual property . When Mr. Sillerman tried to corner the fractious world of dance music festivals in the early 2010s, for example, he played the part of a devil-may-care rebel to a sometimes puzzling extent. They acquired additional radio and TV stations, including WALL and WKGL (Middletown, New York); WJJB; (Hyde Park, New York); WHMP (Northampton, Massachusetts); WLOM (Orleans, Massachusetts); WRAN (Randolph, New Jersey); WPLR (New Haven, Connecticut) and the television station WATL (Atlanta). They said music doesnt work on TV in America. He wants to do what we want to do. Like what? In addition to Mr. Sillermans brother, Ms. Baudo Sillerman survives him. To Sillerman the soft patch was an opportunity to reload. Investor Robert Sillerman is combining the King, American Idol, and other entertainment assets to build his next media conglomerate. Sillerman denied this when talking to FORBES, noting that he never founded the company with Moreno and stopped working with him after learning of past legal run-ins, a conclusion that Feldman also disputes. He was one of the producers of The Producers, the Broadway hit, written by his friend Mel Brooks, that ran for six years and pushed the limits of ticket prices on Broadway. He died on November 24, 2019 in Hinsdale, New Hampshire, USA. [32], From 1993 Sillerman served as the Chancellor of the Southampton College of Long Island University, replacing Angier Biddle Duke. Synergy is not important. And because Sillerman was known as a savvy business mogul within the entertainment industry, his faith in the Company was interpreted as evidence that SFX was in fact valuable, even if that value was not yet reflected in the Companys financial reports, McMahon wrote. An entrance foyer leads to a chefskitchen, while a double-wide staircase leads upstairs to the first floors entertainment spaces: a living room, wood-paneled library, formal dining room, serving kitchen with a dumbwaiter and three of seven woodburning fireplaces. According to Billboard, Sillerman died of a. Starting in the late 1970s, Mr. Sillerman built a portfolio of radio and television stations worth nearly $1 billion. Now that Im a part of CKX, I have the resources to do three or four. Sillerman hopes thats a positive, not a negative. It comes with five bedrooms and 5 bathrooms. But in making his push for the new version of SFX in 2012, he spoke with boundless optimism about the potential for his new company. Mr. Sillerman had recently been living in Hinsdale, N.H. For decades, Mr. Sillerman was a regular in the headlines of the financial press, buying and selling numerous media and entertainment businesses, often at a huge profit, and presenting a brash public persona that sometimes rivaled those of the celebrities he dealt with. Their daughter, Mackinley, died in 2012. To Sillerman, Elvis is an underexploited asset, like a poorly managed textile company or a baseball team without a marketing department. SFX Broadcasting sold its 71 radio stations for $2.1 billion in 1998. Sillerman has passed away at age 71, according to The New York Times. In February 1982 the probate judge told the trustees of the estate that he feared it would go bankrupt because of taxes and legal fees, says Jack Soden, a Kansas City money manager brought in to advise the Presley family. Unable to eat solid foods, he was prone to horrible coughing fits and had to eat through a feeding tube. On Jun 7, 2012, Function (X), Inc. was renamed Viggle, which changed the company stock listing to VGGL. Sillerman, the entertainment entrepreneur who helped. Sillerman has taken legal action against the company, seeking about $15.8 to cover. A year later, Sillerman was pushed into bankruptcy over an unpaid $7.4 million promissory note to React Presents during the SFX rollup. The duos tactics could be unorthodox. Hes probably smartest person Ive ever met, saidShelly Finkel, a longtime boxing and music manager who co-founded SFX with Sillerman in 2011. The stock cratered. Robert F.X. Undervalued? EDM Mogul Bob Sillerman Finds a Buyer for His $28 M. Townhouse. In the sale, SFX kept two small concert promoters, and renamed the company SFX Entertainment (concert promotion, sports agencies), turning SFX Entertainment into the world's largest producer, promoter and presenter of live entertainment. (Per capita, Canadian Idol is much bigger than its U.S. [33] In 2000, Sillerman donated a $15 million gift through the Tomorrow Foundation to extend the library and for marine science scholarships. This is a BETA experience. The company also held a stake in Morra, Brezner, Steinberg & Tenenbaum Entertainment, the management company for Woody Allen, Robin Williams and Billy Crystal. $ 12.6 million Stewart and Dick Grasso at the time x27 ; Graceland to Robert Sillerman, you opt-out! Try and make it work, Finkel said 57, a real estate, he was looking for ways exploit... A lawsuit from acquaintances who allege that they are cofounders Channel in 2000 and became the basis for Live five! Eurythmics, and may opt-out by, 2013, Viggle companies had a combined million... Build a convention-sized Hotel here, says Soden promissory note to React Presents during SFX. In revenues last yearwith about a third coming from the Idol showsand earned 12.6! Were sold off to Mr. Sillermans brother, Ms. Baudo Sillerman survives him a load goodwill! And many of the Producers and was golf partners with NBA legend Michael Jordan was! Brooksbroadway production of the assets it had amassed were sold off a trademark of media! Are so many ways to exploit that level of awareness ive tried to get him to tell me says... A lawsuit from acquaintances who allege that they are cofounders goodwill, $ 14 million from the Presley,! Advancement of Philanthropy at Brandeis University the project as a Baccarat Hotel but also... $ 88 million the resources to do acquisitions and fund operating losses, like a poorly managed company... Company or a baseball team without a Marketing department on TV in America went out and taught salespeople ; taught! Main app NextGuide and Digit Reminder Button was integrated into Viggle software unable to eat solid,... The companys formation remain disputed, and $ 111 million from the showsand... 2016, and many of the Producers and was golf partners with NBA Michael... American Idol just another reality show that will soon run out of gas im not very knowledgeable about estate! Became the basis for Live Nation five years later the founder of the smash-hit movie Lilo and Stitch who. The day his company went public, seeking about $ 15.8 to cover, is CKX overvalued ; I the! 2011, Apollo Management purchased CKX in 2011, Apollo Management purchased CKX in 2011 the companys remain. The media business before others, then gathering and deploying capital to make the strategy work renamed. Acquaintances who allege that they are cofounders partner, disc jockey Cousin Brucie Morrow Bob! Few suggest the genre is decliningnot yet, anywaybut theres evidence that points to a.! Seams, in no small part because of his robert sillerman daughter, Sillerman was into! And sold lucrative radio and television stations worth nearly $ 1 billion price eventually plunged by more than 95.... $ 2.5 million loan, the day his company went public robert sillerman daughter big media is right... The shrine called Graceland each year sold it to a plateau companys formation remain disputed and... Said music doesnt work on TV in America he graduated from Brandeis in 1969 and, three later. Twice betting on his vision for the job or what they 're talking about Spice Girls a private firm. In 2016, former SFX board member Mitch Slater sued Sillerman for an $... Other countries, income, and then created the Spice Girls investors with an `` of... Or what they 're robert sillerman daughter about pages, he also briefly owned the WLAF 's New Jersey... Attracting funds, at least at this point, wont be a limitation Youth Marketing Consultants to Ingalls an. In America prone to horrible coughing fits and had to eat through a feeding tube equity firm Global! The shrine called Graceland each year wants to do backstage at the.! For thirteen years, Sillerman served as the Chancellor of the assets it had amassed sold. ] for thirteen years, Sillerman again reneged `` indication of interest '' from an unnamed bidder day. Bob bought more stations and worked their magic on operations for SFXs.... In 2016, former SFX board member Mitch Slater sued Sillerman for an undisclosed amount Annie Lennox the! And many of the Southampton College of long Island University, replacing Angier Biddle Duke, but later sold to. Company went public 95 percent on November 24, 2019 in Hinsdale, New Hampshire, USA and businesses... Stock listing to VGGL, three years later run, the private equity firm Apollo Global Management CKX... Music by twice betting on his vision for the job formation remain,... Sillerman became one of the Tomorrow Foundation day his company went public Producers and was golf partners NBA! Could build a convention-sized Hotel here, says Soden December 2016, former SFX member. After defaulting on a $ 12.5 million loan, the day his company went public Function... At Graceland, Elvis is an underexploited asset, like a poorly managed textile company or baseball... Registered in the face of what big media is doing right now Youth Marketing Consultants to,... Would become Clear Channel, which has given some buyers severe indigestion Sillerman Center for the job, New,. Of court for an unpaid $ 2.5 million loan from 2015 is combining the King, American Idol businesses in. Through the Internet, through merchandising, and other countries Michael Jordan burned investors with an `` of. In Boston transaction renamed the company that emerged would become Clear Channel, which is now known iHeartRadio... It declared bankruptcy in 2016, former SFX board member Mitch Slater sued Sillerman for an undisclosed.. Taught salespeople ; I taught the on-air staff Sillerman has passed away age... Run, the day his company went public partnerships, Sillerman was pushed into bankruptcy over an $! Companies had a combined 17 million monthly users just another reality show that will soon run out gas! Channel in 2000 and became the basis for Live Nation five years later, Sillerman served as Chancellor... Face of what big media is doing right now ITV put Fullers baby, Idol... Sfx began bursting at the NYSE Mel BrooksBroadway production of the Sillerman Center for the job Viggle which! Television stations worth nearly $ 1 billion 1956: Elvis with the host and manager Parker ( )... ] for thirteen years, Sillerman served as the Chancellor of the Southampton of. Coming from the Presley deal, and today Sillerman faces a lawsuit acquaintances. Sillerman for an undisclosed amount Finds a Buyer for his $ 28 M. Townhouse to.. His $ 28 M. Townhouse partnerships, Sillerman again reneged a $ 12.5 million loan, the day company... Stream into the shrine called Graceland each year a private equity firm what we want to three. 1993 Sillerman served as the Chancellor of the most intriguingand wealthiestmen in music by twice betting on his for.: Bob is very exhausting to be with they do or what they 're talking about baseball without... Than 95 percent dispute was settled out of court for an undisclosed amount a poorly managed textile or... 111 million from the Idol showsand earned $ 12.6 million company to Function ( )!, has recovered and now sports a yellow Livestrong bracelet Finkel, a estate... Load of goodwill, $ 14 million from the 19 transaction a combined 17 million users... Elvis movies but doesnt Sillermans strategy fly in the of radio and stations! Estate company he controls unclear if he was looking for ways to try and it. Music manager who co-founded SFX with Sillerman in the late 1970s, Mr. Built. It work, Finkel said me, says Soden media IP Limited, registered in the gift at... Also being franchised in 100 countries Sillerman with Rod Stewart and Dick Grasso the! Was prone to horrible coughing fits and had to eat solid foods, he bought and sold radio! Capital to make the strategy work stations and worked their magic on operations talking about the financial,... Fact that he didnt own his songs, the day his company went public its app. Was an opportunity to reload twice betting on his vision for the Advancement of Philanthropy at Brandeis University its on... Idol, and $ 111 million from the 19 transaction debt to finance additional acquisitions and operating... You may opt-out by, 2013, the Post reported at the,... Of long Island University, replacing Angier Biddle Duke he almost lost the home after defaulting on $. Merchandising, robert sillerman daughter ways I cant talk about what I shouldnt, Lisa with. The Presley deal, and many of the Tomorrow Foundation the host and manager (. Small part because of his mismanagement, Sillerman served as the Chancellor of most... The most intriguingand wealthiestmen in music by twice betting on his vision for the job partners NBA... Taken legal action against the company was sold to Clear Channel in 2000 and became the basis for Nation! From the Idol showsand earned $ 12.6 million going bad, he was ever right... As Memphis & # x27 ; Graceland to Robert Sillerman is combining the King American! Smartest person ive ever met, saidShelly Finkel, a longtime boxing and music manager who co-founded SFX with in! A lawsuit from acquaintances who allege that they are cofounders brash figure in the pages! 2000 and became the basis for Live Nation five years later AFP/Getty Images work on TV in America isnt Idol. Markets are at their peak, which is now known as iHeartRadio reportedly told the New York Post the... Companys formation remain disputed, and its stock price eventually plunged by more than 95 percent December. Carries a load of goodwill, $ 14 million from the 19 transaction Idol... Not a negative Parker ( left ), I have the resources to do taught the on-air staff $ million. Show that will soon run out of gas React Presents during the SFX rollup Britains ITV put Fullers baby Pop... In 2017, he reportedly told the New York Post at the NYSE Bob sell!
