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Stereosonic Parent Company To Be Sold For $75 Million In Cash & Stock

Sydney's Stereosonic in 2012. Pic by Jarret Rigg.
Jun 28th 2013 | 2:30pm | Dan Condon
The newly revived SFX Entertainment, which entrepreneur Robert F. X. Sillerman is looking to develop into a powerhouse in the world of electronic dance music, has set its sights on acquiring Australia's Totem, the company behind mammoth dance festival Stereosonic. In The Mixreported the potential purchase of the company this morning, confirming Totem to be part of the company's proposed $1 billion in acquisitions through 2013.

A look at the Initial Public Offering that SFX has filed with the United States Securities And Exchange Commission on Tuesday 25 June confirms their interest in purchasing Totem as a part of an asset contribution agreement. The company will sell for a combination of AUD$60 million in cash and AUD$15 million in company stock.

SFX is reported to have already made a AUD$5 million deposit on the company, funded on Wednesday 22 May.

The company has already acquired massive electronic online digital music store Beatport, American promoters Disco Donnie Presents and Life In Color and 80 percent of MMG Nightlife, a management company dealing with some of South Beach, Florida's biggest EDM venues.

Their IPO states:

“To date, SFX has acquired four businesses and acquired an interest in one joint venture. SFX also expects to complete four acquisitions simultaneously with or shortly after the closing of this offering: its acquisition of a 75% ownership interest in the worldwide business (the "ID&T Business") of ID&T Holding B.V. ("ID&T"), its acquisition of a 60% equity interest in i-Motion GmbH Events & Communication ("i-Motion"), its acquisition of 100% of Totem Onelove Group Pty Ltd and Totem Industries Pty Ltd (collectively, "Totem") and its acquisition of a 70% equity interest in Made Event, LLC and EZ Festivals, LLC (collectively, "Made").”

theMusic.com.au called Totem for further information this afternoon, but the a representative from the company said they were unable to comment at this time.

Comments

Dates

Saturday 29th November

Stereosonic 2014 feat.
Calvin Harris + Tiesto + Diplo + Disclosure (DJ Set) + W&W + DJ Snake + Nervo + Cedric Gervais + Cosmic Gate + Andrew Rayel + Tale of Us + Destructo + Orjan Nilsen + Nina Kraviz + Oliver Heldens + Wilkinson + Scuba + Cash Cash + Kolsch + MaRLo + Mano Le Tough + Shogun + Uberjak'd + Mark Sixma + Nina Las Vegas + Timmy Trumpet + M4Sonic + Generik + LDRU + Yahtzel + ZHU + Stereosonic

Claremont Showground, Claremont

Saturday 29th November

Stereosonic 2014 feat.
Skrillex + Alesso + Steve Aoki + Showtek + Dash Berlin + Carl Cox + Porter Robinson + Laidback Luke + New World Sound + TJR + Ferry Corsten + Noisia + Deorro + Headhunterz + MK + DVBBS + Booka Shade + Markus Schulz + What So Not + Joel Fletcher + John O'Callaghan + Foreign Beggars + Hot Since 82 + Alison Wonderland + Crookers + Jack Beats + The Aston Shuffle + Route 94 + Simon Patterson + Alex Metric + Deetron + Kaz James + Ilan Bluestone + Nick Thayer + ZHU + Stereosonic

Sydney Showgrounds, Sydney Olympic Park

Sunday 30th November

Stereosonic 2014 feat.
Skrillex + Alesso + Steve Aoki + Showtek + Dash Berlin + Carl Cox + Porter Robinson + Laidback Luke + New World Punx + TJR + Ferry Corsten + Noisia + Deorro + Headhunterz + MK + DVBBS + Booka Shade + Markus Schulz + What So Not + Joel Fletcher + John O'Callaghan + Foreign Beggars + Hot Since 82 + Alison Wonderland + Crookers + Jack Beats + The Aston Shuffle + Route 94 + Simon Patterson + Alex Metric + Deetron + Ilan Bluestone + Nick Thayer + Slumberjack + Stereosonic

Claremont Showground, Claremont

Sunday 30th November

Stereosonic 2014 feat.
Calvin Harris + Tiesto + Diplo + Disclosure (DJ Set) + W&W + DJ Snake + Duke Dumont + Will Sparks + RL Grime + Peking Duk + Nervo + Cedric Gervais + Cosmic Gate + Andrew Rayel + Tale of Us + Destructo + Orjan Nilsen + Nina Kraviz + Oliver Heldens + Wilkinson + Scuba + Cash Cash + Kolsch + MaRLo + Mano Le Tough + Shogun + Uberjak'd + Mark Sixma + Nina Las Vegas + Timmy Trumpet + M4Sonic + Nicky Night Time + Tigerlily + Generik + LDRU + Yahtzel + Stereosonic

Sydney Showgrounds, Sydney Olympic Park

Friday 5th December

Stereosonic 2014 feat.
Calvin Harris + Tiesto + Diplo + Disclosure (DJ Set) + W&W + DJ Snake + Duke Dumont + Will Sparks + RL Grime + Peking Duk + New World Punx + Nervo + Cedric Gervais + Ferry Corsten + Cosmic Gate + Andrew Rayel + Booka Shade + Oliver Heldens + Wilkinson + MK + Orjan Nilsen + Destructo + Hot Since 82 + MaRLo + Timmy Trumpet + Shogun + Kaz James + DJ Minx + ZHU + Stereosonic

Adelaide Showground, Wayville

Saturday 6th December

Stereosonic 2014 feat.
Skrillex + Alesso + Steve Aoki + Showtek + Dash Berlin + Porter Robinson + Laidback Luke + TJR + Noisia + Headhunterz + DVBBS + Deorro + Markus Schulz + What So Not + Joel Fletcher + John O'Callaghan + Alison Wonderland + Foreign Beggars + Cash Cash + Crookers + Jack Beats + The Aston Shuffle + Simon Patterson + Alex Metric + Uberjak'd + Ilan Bluestone + M4Sonic + Nick Thayer + Seek n Destroy + Dancespace + Stereosonic

Adelaide Showground, Wayville

Saturday 6th December

Stereosonic 2014 feat.
Skrillex + Alesso + Steve Aoki + Showtek + Dash Berlin + Carl Cox + Porter Robinson + Laidback Luke + New World Punx + TJR + Ferry Corsten + Noisia + Deorro + Headhunterz + MK + DVBBS + Booka Shade + Markus Schulz + What So Not + Joel Fletcher + Cash Cash + John O'Callaghan + Foreign Beggars + Hot Since 82 + Alison Wonderland + Crookers + Jack Beats + The Aston Shuffle + Route 94 + Simon Patterson + Alex Metric + Deetron + Ilan Bluestone + Kaz James + Nicky Night Time + Nick Thayer + ZHU + Stereosonic

Melbourne Showgrounds, Ascot Vale

Saturday 6th December

Stereosonic 2014 feat.
Calvin Harris + Diplo + Disclosure (DJ Set) + W&W + DJ Snake + Duke Dumont + Will Sparks + RL Grime + Peking Duk + Nervo + Cedric Gervais + Cosmic Gate + Andrew Rayel + Tale of Us + Destructo + Orjan Nilsen + Nina Kraviz + Oliver Heldens + Wilkinson + Scuba + MaRLo + Kolsch + Mano Le Tough + Shogun + Nina Las Vegas + Mark Sixma + Timmy Trumpet + Kaz James + M4Sonic + Tigerlily + LDRU & Yahtzel DJs + Generik + Young Franco + DJ Butcher + ZHU + Stereosonic

Brisbane Showgrounds, Bowen Hills

Sunday 7th December

Stereosonic 2014 feat.
Calvin Harris + Tiesto + Diplo + Disclosure (DJ Set) + W&W + DJ Snake + Duke Dumont + Will Sparks + RL Grime + Peking Duk + Nervo + Cedric Gervais + Cosmic Gate + Andrew Rayel + Tale of Us + Destructo + Orjan Nilsen + Nina Kraviz + Oliver Heldens + Wilkinson + Scuba + MaRLo + Kolsch + Mano Le Tough + Shogun + Nina Las Vegas + M4Sonic + Mark Sixma + Timmy Trumpet + Uberjak'd + Generik + Tigerlily + SCNDL + Acid Jacks + LDRU + Yahtzel + Stereosonic

Melbourne Showgrounds, Ascot Vale

Sunday 7th December

Stereosonic 2014 feat.
Skrillex + Alesso + Steve Aoki + Showtek + Dash Berlin + Carl Cox + Porter Robinson + Laidback Luke + New World Punx + TJR + Ferry Corsten + Noisia + Deorro + Headhunterz + MK + DVBBS + Booka Shade + Markus Schulz + What So Not + Joel Fletcher + Cash Cash + John O'Callaghan + Foreign Beggars + Hot Since 82 + Alison Wonderland + Crookers + Jack Beats + The Aston Shuffle + Route 94 + Simon Patterson + Alex Metric + Deetron + Ilan Bluestone + Nick Thayer + Nicky Night Time + Stereosonic

Brisbane Showgrounds, Bowen Hills

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