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Business News (more headlines) 04-19-2014

SFX Completes Purchase To Add Major Midwest Festivals

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SFX Entertainment, Inc., the largest global producer of live events and digital entertainment content focused exclusively on electronic music culture (EMC) and other world-class festivals, announced today that it has completed the purchase of React Presents, one of the leading producers and promoters of festivals and events in the Midwest.

"By adding React Presents, we are expanding our nationwide network of promoters"

React Presents is a full-service concert and festival promotion company based in Chicago, known for its two major festivals - Spring Awakening Music Festival in Chicago and Summer Set Music & Camping Festival, held in Northern Wisconsin. In 2013, the company promoted nearly 200 events in Illinois, Wisconsin and Michigan which were attended by approximately 375,000 fans.

"By adding React Presents, we are expanding our nationwide network of promoters," said Robert FX Sillerman, Chairman and CEO of SFX Entertainment. "The Spring Awakening and Summer Set festivals fit well amidst our U.S. roster, with events like TomorrowWorld, Mysteryland, Sensation, Electric Zoo, Disco Donnie Presents and Life in Color. They will also be well-supported by our marketing and content partnership with Clear Channel Media and Entertainment."

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