At the 2013 Amsterdam Dance Event (ADE), ID&T CEO and Founder, Duncan Stutterheim announced that SFX now officially owns 100% of the company who put on events such as Sensation White and Tomorrowland. Duncan Stutterheim said “As we continued to work together, at some point a list came up of the possibilities of what could be done if we sold the company. TomorrowWorld was an example of that. The festival cost 16 million dollars to put up. Those are amounts of money that we just don’t have. We are a big company, but we can’t invest that kind of money. So it was an opportunity for the company to grow.”
With this announcement, SFXE is trading just above the $10 mark.
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