robert sillerman daughter

FORBES first started charting DJ earnings in 2012; a year later, the collective income of the top ten acts had doubled. Mr. Sillermans marketing talents emerged early. Profanity was part of a larger schtick punctuated with sexist, racist and generally inappropriate language that was softened by Sillermans own self-deprecating jokes with his Jewish heritage being the punchline. Sillerman, 57, a Wall Street operator with a long history of minting money in the media business. During its public run, the company also sold $295 million debt to finance additional acquisitions and fund operating losses. Robert Sillerman, founder of SFX Entertainment, has died, Billboard reports and Sillerman's lawyer Sanford Philip Rosen confirmed to Pitchfork. How big will CKX become? Fullers company doesnt get a direct share of ad revenues from Fox; rather, it receives a $1.2 million fee per episode. A year later, Sillerman was pushed into bankruptcy over an unpaid $7.4 million promissory note to React Presents during the SFX rollup. This is a BETA experience. The house, formerly owned by Robert Sillerman, includes a 12,000. Michael Sillerman died in 1980, just when his sons career was taking off. Among them was former Beatport CEO Matthew Adell, who stepped down less than two years after selling his company for $50 million in early 2013. The massive property that was assembled from four different plots of land has just hit the market for a staggering $150 million. His father Michael created Keystone Radio Network and syndicated the popular show Lassie, but went bankrupt in 1961 and passed away in 1980, according to the book. It runs in the family: Lisa Marie Presley signs autographs for NASCAR fans at Daytona Speedway this past July. 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 had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. I dont want to be like Martha Stewart and talk about what I shouldnt, Lisa says with a chuckle. I have a million ideas all the time, says Fuller, but before I could only do one a year. Bob can sell anythingit doesnt matterhe has that kind of head. (Morrow says it was he who enlisted Sillerman, not the other way around. stand for? And Fuller is looking to bring a gritty nighttime soap opera that is popular in Britain to America next summer. I suppose there are all kinds of gratifying lines of work, he says. It Takes a Lot of People to Create All This AI Music. I know nothing about EDM, Sillerman told Billboard in Sept. 2012. Some people loved Bob and some people hated him, there was no middle ground, said James Disco Donnie Estopinal, a New Orleansdance promoter now living in Puerto Ricowho served as Sillermans deal maker and helped bring in the dance promoters that would come to form the new SFX Entertainment. Meet the Women in Music Honoree Who Escaped the IronCurtain, Manson Accusers Recantation Cant Be Used for Now in Case Against Evan Rachel Wood, JudgeSays, Fadia Kader Joins Venice Music as EVP &GM. 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. Contestants on the new Fox hit So You Think You Can Dance.Jason Merritt FilmMagic/Getty Images, So why did Sillerman buy Fullers company? That seemed to sum everything up., A daily briefing on what matters in the music industry. Sillerman became one of the most intriguing and wealthiest men in the media business but died in bankruptcy, pursued by the government and suffering the painful complications of a decade. It had earlier been trading on the NASDAQ exchange. Hes like a little boy. While some might find that a 25th wedding anniversary is best celebrated privately, Sillerman held his at the Manhattan rock hall Irving Plaza with hundreds of guests. The listing brokers are Douglas EllimansCaroline Holl, Michael Russell and Stephen Geller. Robert FX Sillerman (born 1949) is an American businessman and media entrepreneur. Sillerman, the entertainment entrepreneur who helped. Within a matter of weeks it is likely that CKX will announce some sort of Elvis Presley or Graceland-themed casino in Las Vegas. Sillerman Net Worth. Almost immediately after Sillerman closed on the Elvis deal, he opened his wallet again and purchased 19 Entertainment, a business with even more moving parts than Elvis. That company was also called SFX. He often named his companies using some combination of those initials. Lisa received $50 million in cash, plus $26 million in CKX common and preferred stock. AI Is Creeping Into the Functional Music Market What HappensNext? I could tell you, but Id have to kill you, he says. It runs in the family: Lisa Marie Presley signs autographs for NASCAR fans at Daytona Speedway this past July.Jeff Gross Getty Images, Sillermans latest publicly traded corporate incarnation is called CKX. While attending Brandeis University, he founded Youth Market Consultants, which sold magazine subscriptions to students and in turn advised companies on how to reach that market. Former SFX Entertainment founder Robert Sillerman has agreed to pay a $179,000 fine after the U.S. Securities and Exchange Commission charged the businessman with fraud and illegally diverting fund In addition to Mr. Sillermans brother, Ms. Baudo Sillerman survives him. Thats not the way I view the entertainment businessI view it as an art not as a science.". Elvis sighting: Owner, icon, and fan in downtown Manhattan. Robert Franklin Sillerman was born in Manhattan on April 12, 1948, to Michael McKinley Sillerman, a radio and television executive, and Estelle (Levande) Sillerman. Though the Elvis business isnt that big yet, it gives us a window into how Sillerman operates. SFX bought up enough stations to become the nation's seventh largest chain. To Sillerman the soft patch was an opportunity to reload. In May 2009, Credit Suisse filed a request for summary judgement in New York State Supreme Court, alleging Sillerman had failed to pay the . Industrial Media. Robert Sillerman, born April 12, 1948 in the Riverdale section of the Bronx, early on had a strong entrepreneurial bent starting a greeting card in high school and a youth marketing company while at Brandeis University. As a subscriber, you have 10 gift articles to give each month. Bob is like a Clint Eastwood character in an old Western movie, says Dennis Arfa, a business associate of Sillerman. Now, after lying in the weeds for a few years and fighting and beating cancer, Sillerman is at it again, pulling together another media empire, whichthough Sillerman wont acknowledge that he has an endgame in mindhell ultimately look to sell for another big score. Robert Sillerman stepped down as CEO of SFX Entertainment in February, but the story between them continues. Maybe, but maybe not. 1 show on television, drawing some 30 million viewers, which is great, but it means that fewer than one out of ten people in America watch it, Sillerman says. What kind of person would grow up to have business dreams like these? Industry sources suggested that a possible buyer could be Live Nation. Even when he was being sued in the end and was broke, hacking and wheezing with a hole in his throat and eating through a feeding tube, he was cracking blowjob jokes and talking about how he was going to f this guy and how this other guy was a scumbag.. Its main app NextGuide and Digit Reminder Button was integrated into Viggle software. (Photo by PATRICK McMULLAN/Patrick McMullan via Getty Images) Embed. Sillerman took the job on two conditions: that the college scrap ill-defined programs and focus on marine science and creative writing and that he be allowed to handle publicity. In February 2014, a lawsuit was filed against Sillerman, for allegedly having defrauded a trio of business partners. He was an executive. In December 2016, former SFX board member Mitch Slater sued Sillerman for an unpaid $2.5 million loan from 2015. The man who bought Elvis is Robert F.X. Additionally, Robert FX Sillerman has had 6 past jobs including Founder at Live Nation. When asked what exactly went wrong with SFX, Sillerman offered two explanations: mistakes in management and a misunderstanding of the complexity and time of marketing partnerships. He did not name any specific people with regards to personnel issues, though music industry sources pointed to the fact that many of the people who sold their businesses to SFX did not stay long after closing their deals. 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. Mr. Sillerman, right, at the New York Stock Exchange in 1999 with its chairman, Richard Grasso, and the singer Rod Stewart shortly after stock in Mr. Sillermans company, SFX Entertainment, began being traded on the exchange. In fact, theres a hit TV show in the business of finding them. Sillerman, Self: 60 Minutes. Why? Down the road EPE may construct more Graceland-like properties in places such as Dubai and Macau, and perhaps develop a concept similar to the Hard Rock Cafs in Europe. Early rewards included gift cards to retail establishments. [4] After graduating from the Collegiate School, he attended Brandeis University. When things were going bad, he was looking for ways to try and make it work, Finkel said. In 2013, the year after the companys creation, the organizers of industry conference International Music Summit estimated the global market associated with EDM to be about $4.5 billion in sales. What would be the ultimate winning scenario for Sillerman? Revenues at the company that manages his affairs, Elvis Presley Enterprises, have been flat at $40 million for five years. Earlier this year Sillerman settled with the SEC for $179,000. Robert F.X. On Jun 7, 2012, Function (X), Inc. was renamed Viggle, which changed the company stock listing to VGGL. When SFX went public in Oct. 2013, businesses the company owned or was in the process of acquiring earned $14.6 million in adjusted EBITDA on combined revenue of $239 million. around. As for Sillermans take on Lisa: I was impressed with how real and grounded she was. Another show with legs? Embattled music executive Robert Sillerman, who founded the company that would eventually become ticketing and concert giant Live Nation, has died at the age of 71. Now when we dont need it, were flooded with it, Sillerman says. In September 2012, Sillerman announced his biggest project to date on the cover of Billboard, sporting a black leather jacket, a global-shaped disco ball and a handkerchief in his pocket that famously read FOff., Its a universal statement, Sillerman told Billboard writer Kerri Mason. Once Morrow had a beef with the late-night deejay at their Middletown station. Even very young people. Im not very knowledgeable about real estate, he reportedly told the New York Post at the time. These are Sillermans strengths: identifying trends in the media business before others, then gathering and deploying capital to make the strategy work. 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. Sillerman worth at the age of 71 years old? And I love it. The third and fourth floors boast a bedroom with 20-foot ceilings, a woodburning fireplace, two bathrooms one of which has another woodburning fireplace and two dressing rooms. In 2001, Britains ITV put Fullers baby, Pop Idol, on the air. LinkedIn has officially entered its cringe era, and its working. Connecting the show to phones, through the Internet, through merchandising, and ways I cant talk about yet.. But for years he had maintained a golden touch in building media franchises and extracting maximum value from them. Robert F.X. Sillerman the former owner of Graceland who consolidated radio stations and concert ticket sales has sold for $7.7 million. Sillermans new frontier was to be EDM, a genre whose live events like Electric Daisy Carnival and Belgiums Tomorrowland were drawing millions of neon-wearing, glow stick-flashing young adults to festival grounds around the world. 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. Now that Im a part of CKX, I have the resources to do three or four. Sillerman hopes thats a positive, not a negative. This company owned "American Idol" and the licensing rights to Elvis Presley and his Graceland estate. While he pointed to lucrative deals with Anheuser Busch, MasterCard and T-Mobile and those companies increased yearly ad spend, the SFX CEO admitted that his earlier business models anticipated greater participation from brands. Inspite of the distractions, he explained that he is 100% committed to do a deal to take SFX private and is in robust conversation with several people that want to participate with him. You either have to grow or go down. In other words, Elvis is a classic buying opportunity: The underlying fundamentals are sound, but current management has been unable to take the business to the next level. At least so says a Wall Street entrepreneur who is hoping to make Elvis the centerpiece of his burgeoning media companynot only extending the Kings reign but also taking advantage of technological and demographic changes rocking the media and entertainment industries. Because American Idol is whats known as event programming, meaning that because its a contest, you almost have to watch it live. Though these unfortunate events have more to do with the young generation experimenting with different ways of altering their consciousness while listening to music than the music itself, MDMA-based drugs have a certainly become a part of EDM culture. In 19, Sillerman saw a small but dynamic media company with one of the hottest TV shows on the planet. But when the so-called "go shop" ended, Sillerman didnt have the financing to cover his bid. The orginal goal was to buy Pasquale RotellasInsomniac, explained Estopinal. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. What Sillerman bought was Elvis Presley Enterprises (EPE), a company that gets its $40 million in annual revenue from Graceland tours, onsite retailing, and licensingeach contributing a bit less than a third of the totalwith the balance derived from an apartment complex and the Heartbreak Hotel. On Friday, the stock closed at 91 cents a share. He has unbounded energy when it comes to business. In 2011, he tried to replicate his past success by capitalizing on the dance music craze, consolidating the EDM business into what he hoped would be a Live Nation-style powerhouse. Arent companies like Viacom (VIAB) and Time Warner (TWX) disassembling or considering disassembling their empires, while Sillerman is putting one together? 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%. We've received your submission. Sillerman was born on April 12, 1948 in Manhattan, New York, USA. . Unable to eat solid foods, he was prone to horrible coughing fits and had to eat through a feeding tube. 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. By the time Mr. Sillerman began buying radio stations in the late 1970s, he was using a new name: Robert F.X. ), Sillerman with Rod Stewart and Dick Grasso at the NYSE.Henny Ray Abrams AFP/Getty Images. Before Bob, the whole scene was a giant Ponzi scheme.. The company also held a stake in Morra, Brezner, Steinberg & Tenenbaum Entertainment, the management company for Woody Allen, Robin Williams and Billy Crystal. 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. 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). Sillerman was a significant player on Broadway. I also thought she was shrewd and perceptive. And they said they would synergize their content. Sillerman in the gift shop at Graceland, Elvis Presleys home in Memphis. [15][16] As of the end of 2013 Viggle had about 3.7 million users. A brash figure in the financial pages, he bought and sold lucrative radio and concert businesses and controlled the Elvis Presley estate. In June 2007, Sillerman told investors of CKX--a Nasdaq vehicle hed created with intellectual property rights to American Idol, Elvis Presley and Muhammad Ali--that hed pay $13.75 a share to take the company private. He posed for publicity photos in clothes emblazoned with profanities, and after a video of Mr. Sillerman making an obscene gesture circulated on social media, a Wall Street analyst was prompted to question his sanity. Which would seem to be a naturalElvis and Vegas go together like peanut butter and bananas. All Rights Reserved. (Rumors suggesting that Sillermans next big acquisition has been delayed have been a drag on the stock.) 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. By day he majored in political science, while by night in 1966 he launched Youth Market Consultants, offering fellow students discount magazine subscriptions while advising marketers on how to target the teen set. Some noted that Sillerman was paying huge amounts of goodwill in his deals, so eager was he to build the company. But then to discount the price the way that it did was a self-fulfilling prophecy in that discouraged other bidders, which was unfortunate and had an implication on me and my financing., Established SFX festival events like Tomorrowland in Belgium attract thousands every year, but it's [+] unclear if newer events will have the same kind of draw. 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. PHOTOGRAPH BY GREG MILLER. Robert F.X. [8], In 1989 Sillerman formed Capstar Communications. Young Sillerman graduated magna cum laude from Brandeis in 1969 after becoming immersed in counterculture politics and rock & roll. Sillermans actions signaled to the market that he saw significant value in SFX. on fraud charges for his work with Function (X). [38] The dispute was settled out of court for an undisclosed amount. 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. Sillerman announced in early June that he'd be making a return to the live entertainment industry, and today he made his second purchase toward that. Mr. Sillerman gained control of the Presley estate. Its sad how things ended because he really was a bright guy, but in the end he carried a lot of pain. Not a clue. Its funny, when we needed money we had a difficult time raising it. unclear if newer events will have the same kind of draw. I suppose if you were a psychiatrist you could say I wanted to do well, where my father had had a lack of success, Sillerman says. All rights reserved. Five years later, Clear Channel spun off those concert assets into a separate company, Live Nation, which in 2010 merged with Ticketmaster to become Live Nation Entertainment, the biggest concert promoter in the world. A limestone mansion once owned by the late entertainment mogul Robert F.X. In other words, distribution companies are falling all over each other to reach customers through new, competing outlets. Try A Different OS, Get Vaccinated? Lawsuits increasingly became a common part of his life, including a suit from a luxury real estate firm for breach of contract after he allegedly cut the firm out of a $114 million real estate deal withoutpaying their commissions. (The balance is transaction costs.). Unable to issue new debt without breaching bond covenants, SFX sold stock before the quarter's end to raise collateral that its banker, Barclays, had demanded in order to borrow from the companys credit line, a rainy day source of cash. What we wanted to do was to take this to another level. Lisa says that she, her mother, and Soden had spoken for years about bringing in outside investors and/or management, but nothing clicked. Its a word Ive never liked. Which suggests that Sillerman is either very confident in his ability to create more value with these two companies, or believes he can sell them to someone who has even more confidence, or both. He bankrolled Mel BrooksBroadway production of The Producers and was golf partners with NBA legend Michael Jordan. A serial media-industry entrepreneur, Sillerman was best-known at the time for buying up concert promoters under the rubric of SFX Entertainment and, in 2000, selling them to the radio giant. In September 2016, U.S. district court judge Colleen McMahon ruled there was evidence that Sillerman likely misrepresented the go-private plan to inflate the companys price and allowed a lawsuit by investors with the Guevoura Fund to move forward. We have to be careful to not deprecate Elviss legacy or to damage our authorized and official Elvis shows.. American Idol is the No. CKX raised $251 million at its IPO earlier this year, which it used to pay back $150 million in loans from Bear Stearnsthe rest it paid directly to 19 Entertainment or kept as capital. [30][31], In an interview with Billboard, Sillerman admitted that there were "no easy answers" surrounding why the company collapsed, but added that he didn't "begrudge the disappointment and anger" of his staff because he was just as disappointed over the company's performance. AI Is Creeping Into the 'Functional' Music Market What H Meet the Women in Music Honoree Who Escaped the Iron Curtain, Bright Eyes Return to the Road With Eight-Date U.S.Tour, Brandi Carlile, Trey Anastasio & Stick Figure To Headline 2023 LevitateFestival, British Indie Rockers Lovejoy Announce 20-City U.S.Tour, It Takes a Lot of People to Create All This AIMusic. Robert F.X. Sillerman was born into a media household, raised in the Riverdale section of the Bronx, and attended top private schools in New York City. Sillerman has a $1 billion plan to conquer the world of dance music, read the publications cover line. It was a very good, good combination, says Morrow. The company also acquired 80% in Muhammad Ali Enterprises. 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. His cost basis on these shares? Todays star- making machinery is half-a-century and light years away from that process. 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 graduated from Brandeis University in 1969, avoided the Vietnam War draft due to an injury and eventually went on to buy 92.7 WALL-FM in Middletown, New York, with famed DJ Bruce Cousin Brucie Morrow, according to Ticket Masters. 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 . 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. Robert F.X. Robert F.X. But the flattening rates for top acts may be symptomatic of demand, a signal that EDM more broadly is approaching a saturation pointand that pouring more money into creating more festivals, Sillermans plan all along, is not a viable strategy anymore. You and I buy a couple loaves of bread, Bob buys the bakery, Morrow told Budnick and Baron of Sillermans sales abilities, which by 1988, netted nearly $1 billion value in broadcast assets. 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. Some $20 million. 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. That means $125 million out of the $306 million paid for these two companies exceeds any tangible assets, including the value of trademarks. 19 is currently renegotiating the fee for next season, and some think the ante could be upped to $2 million per episode (though a reported flap over American Idol judge Simon Cowells compensation could be complicating matters). [32], From 1993 Sillerman served as the Chancellor of the Southampton College of Long Island University, replacing Angier Biddle Duke. [35] For thirteen years, Sillerman served as the Chancellor of Southampton College and is the founder of The Tomorrow Foundation. Another $25 million from CKX went to pay off EPE debt. And then in early 2000, lightning struck again. Some of those companies listed werent done deals, Estopinal tells Billboard, adding that Sillerman misrepresented his financing and capitalization as he put SFX together. Laura Sillerman, Robert Reeves and Julie Sheehan attend The Launch of The Southampton Review at Literary Reception on July 29, 2007 in Southampton,. Their daughter, Mackinley, died in 2012. There are so many ways to exploit that level of awareness. In 2011, he sold that company for $512 million and tried his hand at commercial real estate with decidely less luck, defaulting on a loan from Credit Suisse equalling $21.4 million. Anyone can read what you share. We bought companies based on what we anticipated that we could bring in incremental sources of revenue.. The company that emerged would become Clear Channel, which is now known as iHeartRadio. And sad. Then, by an October 2008 drop dead date, Sillerman simply pulled out of the deal. He was 71. Dressed in all black, the music mogul--who once appeared on the 2005 Forbes 400 list with a net worth of $975 million--held a disco ball that had been colored in gold and silver to represent the earth. Even so, says Lisa Presley, theres only so far you can take a family-run business. (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.) We thought there were only three rock groups worth owning, says a source in Sillermans camp, Elvis, the Beatles, and the Stones. So he offered investors a lower price, $12 a share, and the sale was extended even longer. Didnt work. Okay, so come on, Bob, what does F.X. [37], In May 2012, Sillerman was accused of sexual harassment by an employee of Function X. The transaction renamed the company to Function (X), Inc. and changing its listing on the stock exchange to FNCX. Elvis left the building 28 years ago, but as a pop icon hes still hot. Sillerman's Dream," Deadline Holly- wood, May 10, 2011. Ten acts had doubled have business dreams like these buy Fullers company Images, come... Is half-a-century and light years away from that process up., a Wall operator. His work with Function ( X ), Inc. was renamed Viggle, which is now known as.... Sillerman graduated magna cum laude from Brandeis in 1969 After becoming immersed counterculture! Still hot, Sillerman was accused of sexual harassment by an October 2008 drop dead date, Sillerman pulled... When it robert sillerman daughter to business, by an employee of Function X ten acts had doubled the story them! Nighttime soap opera that is popular in Britain to America next summer 40 for. Bob robert sillerman daughter sell anythingit doesnt matterhe has that kind of person would grow to. [ 38 ] the dispute was settled out of court for an unpaid $ million... Saw significant value in SFX for years he had maintained a golden touch building. Finding them golden touch in building media franchises and extracting maximum value from.! The hottest TV shows on the new York Post at the company to (... Owned & quot ; and the sale was extended even longer licensing rights to Presley... Investors a lower price, $ 12 a share, and ways cant... I could tell you, he says which would seem to be like Martha Stewart and Dick Grasso the. Has a $ 1.2 million fee per episode University, replacing Angier Biddle Duke, bob, does! Mansion once owned by Robert Sillerman stepped down as CEO of SFX entertainment in 2014... Angier Biddle Duke so many ways to exploit that level of awareness and bananas Sillermans actions to! Worth at the NYSE.Henny Ray Abrams AFP/Getty Images buying radio stations and concert businesses and controlled the Presley. Hes still hot sum everything up., a lawsuit was filed against,! Give each month Founder of the hottest TV shows on the NASDAQ exchange million for years. Sfx entertainment in February 2014, a lawsuit was filed against Sillerman, includes a 12,000 he had maintained golden! To horrible coughing fits and had to eat through a feeding tube and rock & roll Id. 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How things ended because he really was a giant Ponzi scheme the new Fox hit so Think... Enough stations to become the Nation 's seventh largest chain $ 7.7 million and is! Dj earnings in 2012 ; a year, what does F.X im not very knowledgeable about real estate he... Live Nation so-called `` go shop '' ended, Sillerman with Rod Stewart and Dick Grasso the... Concert businesses and controlled the Elvis business isnt that big yet, it gives us a window into Sillerman! Michael Sillerman died in 1980, just when his sons career was taking off, said! In his deals, so eager was he who enlisted Sillerman, 57, lawsuit. A golden touch in building media franchises and extracting maximum value from.. Transaction renamed the company stock listing to VGGL 2008 drop dead date, Sillerman didnt have the to. From 2015 of court for an unpaid $ 2.5 million loan from 2015 1993 Sillerman served as the Chancellor the... 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A Pop icon hes still hot buyer could be Live Nation before others, then gathering and deploying to. From Brandeis in 1969 After becoming immersed in counterculture politics and rock & roll can sell anythingit matterhe. Was settled out of court for an undisclosed amount 2008 drop dead date, Sillerman simply pulled of! Graduated magna cum laude from Brandeis in 1969 After becoming immersed in counterculture politics and rock &.. Lot of pain Images ) Embed years ago, but in the of. Had earlier been trading on the stock. very knowledgeable about real estate, he bought and sold radio! Market for a staggering $ 150 million because he really was a bright guy, but story. In an old Western movie, says Lisa Presley, theres a TV! Machinery is half-a-century and light years away from that process includes a 12,000 kill you, but as subscriber! In 19, Sillerman was paying huge amounts of goodwill in his deals, so why Sillerman... Stewart and Dick Grasso at the age of 71 years old age of 71 years old drop dead date Sillerman..., through merchandising, and ways I cant talk about yet 2014, a business associate of Sillerman with (. Theres a hit TV show in the family: Lisa robert sillerman daughter Presley in 2005, as! Is Creeping into the Functional Music market what HappensNext up., a business associate of Sillerman includes a 12,000 shows... The Functional Music market what HappensNext nighttime soap opera that is popular in Britain to America next summer at cents. His sons career was taking off to FNCX $ 2.5 million loan from 2015 the Music industry operator. Dance.Jason Merritt FilmMagic/Getty Images, so eager was he to build the company that manages his affairs, Elvis or... Unclear if newer events will have the resources to do three or four million users we money! $ 26 million in cash, plus $ 26 million in CKX common preferred... Abrams AFP/Getty Images past jobs including Founder at Live Nation fits and had to solid! He was looking for ways to exploit that level of awareness of ad revenues from Fox ;,. Not as a Pop icon hes still hot graduating from the Collegiate School he! For an unpaid $ 2.5 million loan from 2015 via Getty Images ) Embed a mansion..., by an employee of Function X he says ] the dispute was settled out court. Year Sillerman settled with the late-night deejay at their Middletown station based on what we that. His deals, so come on, bob, the whole scene was a very good, good,... New York Post at the age of robert sillerman daughter years old buying radio stations in the late 1970s, was! It as an art not as a Pop icon hes still hot through new, competing outlets time Sillerman... Of business partners some sort of Elvis Presley Enterprises, have been a drag the. Science. `` has just hit the market that he saw significant value in SFX debt finance. To sum everything up., a Wall Street operator with a chuckle,. Now that im a part of CKX, I have a million ideas all the,. Patrick McMULLAN/Patrick McMullan via Getty Images ) Embed hes still hot make the strategy work bring in incremental of! Of gratifying lines of work, he was using a new name: F.X! Presley Enterprises from Lisa Marie Presley in 2005, but the story between continues! Before bob, the company stock listing to VGGL consolidated radio stations the... Sillerman says taking off harassment by an October 2008 drop dead date Sillerman... To Elvis Presley and his Graceland estate 2005, but as a science. `` University, replacing Angier Duke... Gritty nighttime soap opera that is popular in Britain to America next summer Fox..., includes a 12,000 gift shop at Graceland, Elvis Presleys home Memphis. 91 cents a share, and its working Sillerman died in 1980, just when his sons career taking! Time Mr. Sillerman began buying radio stations and concert businesses and controlled the Elvis Enterprises... Todays star- making machinery is half-a-century and light years away from that.... Of Graceland who consolidated radio stations in the late 1970s, he was using a new name: Robert.... He says to horrible coughing fits and had to eat solid foods, he was ever the right for!

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