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. Sillerman was known for pushing the envelope. 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. Posh Spice). At Ingalls he met a young copywriter, Laura Baudo, who would become his wife. He likes to jump out of the bushes or hide in hotel rooms and scare people, says Cousin Brucie. In 1985 Sillerman entered into a partnership with radio/television industry executive Carl E. Hirsch (known as Legacy Broadcasting) to acquire KJOI-FM, Los Angeles for a then record-setting $44 million, as well as other stations in Denver, Detroit, Minneapolis, Washington D.C., Houston, Philadelphia, Los Angeles and New York City. Man in the middle: Simon Fuller (in back) with Idol stars Kelly Clarkson, Ruben Studdard, and Fantasia Barrino. 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. When the King died in 1977, his estate was a mess. Try A Different OS, Get Vaccinated? Sillerman was looking to become the single big fish in this business so that when acts like Eric Clapton went on tour, his manager would deal with SFX and SFX only when booking venues. The show is also being franchised in 100 countries. FORTUNE may receive compensation for some links to products and services on this website. As his radio empire grew, Sillerman increasingly came up against Federal Communications Commission regulations restricting his ability to own multiple public broadcast stations, until 1996 and the passage of the Telecommunications Act, which lifted the restriction on owning multiple radio and television stations in a single market, paving the way for Sillermans firm to merge with Command Communicationsand become SFX Broadcasting. 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. Revenues at the company that manages his affairs, Elvis Presley Enterprises, have been flat at $40 million for five years. American Idol is the No. 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. I know nothing about EDM, Sillerman told Billboard in Sept. 2012. 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. To Sillerman the soft patch was an opportunity to reload. In addition to concerts, Robert F.X. Now that Im a part of CKX, I have the resources to do three or four. Sillerman hopes thats a positive, not a negative. A brash figure in the financial pages, he bought and sold lucrative radio and concert businesses and controlled the Elvis Presley estate. 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. Sillermans personal stake in the company, which was worth nearly $220 million when it went public, is now valued at less than $35 million. He has unbounded energy when it comes to business. He doesnt want to mess with anything. (A hip-hop-style remix of A Little Less Conversation was a No. In December 2016, former SFX board member Mitch Slater sued Sillerman for an unpaid $2.5 million loan from 2015. Says his longtime business partner, disc jockey Cousin Brucie Morrow: Bob is very exhausting to be with. 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. Just months before he died, he was sued by the Securities and Exchange Commission for allegedly diverting investor proceeds for his own use. Bob had his own way of doing things and it wasnt good in the end.. Sillerman, the entertainment entrepreneur who helped. [6] Sillerman was married to copywriter Laura Baudo, whom he met at Ingalls. As for spinoffs, did we mention that another smash hit on Fox, So You Think You Can Dance, is produced by Fuller too? Robert FX Sillerman is the Founder at Function (x). Robert F.X. So what he said so eloquently, I say, Foff.'. 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. Even very young people. Sillerman, Transform Television? He is from USA. Sillerman already has 18 acres on the Strip through MJX, a real estate company he controls. Viggle registers the television show a person is watching, and engages the users with a loyalty program for viewing particular programs. The prior owner, ex-HBO CEO Richard Plepler now founder and CEO of Eden Productions had once listed it for $18.5 million in 2008 after buying it for $2.33 million in 2002. During the interview, he juggled responses to FORBES questions with babysitting duties, as his four godchildren begged him to go to the pool as soon as the conversation ended. Terms & Conditions. You know if you make cars or washing machines or something like that, I guess you have to focus on margins. 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 the mid-1970s he scraped together $600,000 and enlisted Cousin Brucie Morrow, then one of the top deejays in the country, to become his partner and buy a rock & roll radio station in Middletown, N.Y. Bob can sell igloos, says Morrow. Investor Robert Sillerman, who bought Elvis Presley Enterprises, photographed with Elvis impersonators, 2005. Industrial Media. You may opt-out by, 2013, the day his company went public. When his record company rereleased Elvis singles to promote his latest greatest-hits compilation in 2002, 19 of them became top five hits in Britain. Robert F.X. Whether I will actually select one or more [equity partners] will depend on what the final price is, he said of any future bid. For its money, CKX got a 90-year lease on Graceland, stipulating, among other things, that the premises may not be used as a massage parlor, a mortuary, or [for] the manufacture, sale, or distribution of feminine hygiene products. (Gives you an idea of how much attention Lisa and Soden pay to protecting Elviss image.) Striking a deal shouldnt be that difficult. He seems to have a knack for selling just when markets are at their peak, which has given some buyers severe indigestion. The suit alleges that Sillerman in emails promised a joint partnership in which the plaintiffs would receive 2.5 million "founders shares" of SFX, which never materialized. 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. ), Sillerman with Rod Stewart and Dick Grasso at the NYSE.Henny Ray Abrams AFP/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. With reporting from Sue Radlauer and Zack O'Malley Greenburg in Jersey City, N.J. Sillerman was the owner of a range of television and radio stations during the 1970s and 1980s, In 1993 he formed SFX Broadcasting, and then built SFX Entertainmenta concert and stage performance promoter that was sold to Clear Channel in 2000 for $4.4 billion. I suppose there are all kinds of gratifying lines of work, he says. 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. 2023 Billboard Media, LLC. There were people who told me, Im not doing a deal with this guy, hes going to die, Estopinal says. I ask Sillerman about his revenue and income projections for his Elvis and American Idol businesses. In the mid-1980s the Federal Communications Commission was beginning to loosen its restrictions on the number of radio stations that could be owned by a single operator. What would be the ultimate winning scenario for Sillerman? And dont even think about asking him what his middle initials, F.X., stand for. What about a world champion Idol drawn from all the different nations? The show venue may be moved from Los Angeles to Las Vegas to save money (and perhaps to fill a certain 2,000-seat theater). CKX already carries a load of goodwill, $14 million from the Presley deal, and $111 million from the 19 transaction. In 2017, he almost lost the home after defaulting on a $12.5 million. And I haven't a fucking clue what they do or what they're talking about. His net worth has been growing significantly in 2021-2022. Sillerman Dies at 71; Built Entertainment Empires, https://www.nytimes.com/2019/11/28/arts/music/robert-fx-sillerman-dead.html. The listing brokers are Douglas EllimansCaroline Holl, Michael Russell and Stephen Geller. 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. 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. [36] Sillerman was also a donor and fundraiser for the Democratic Party in the United States. Robert Franklin Sillerman was born in Manhattan on April 12, 1948, to Michael McKinley Sillerman, a radio and television executive, and Estelle (Levande) Sillerman. (Hicks Muse agreed to spin this business off to SFX shareholders.) Function (x) Founder Education Robert FX Sillerman studied at Brandeis University. On Wall Street they like to say that Bob Sillerman hardly knows failure, but he saw it firsthand growing up. 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. We have to be careful to not deprecate Elviss legacy or to damage our authorized and official Elvis shows.. Michael Sillerman died in 1980, just when his sons career was taking off. 1 hit in more than two dozen countries, including the U.S.) And Elvis impersonators are still fixtures in everything from movies to corporate events. Jeopardy, Wheel of Fortune, The Price Is Rightthese shows go on for decades. This past season American Idol ratings averaged over 27 million viewers per episode, up 5% from last season. Sillerman stood stone-faced on the cover of Billboard magazine. unclear if newer events will have the same kind of draw. Sillerman had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. Clear Channel would later spin off its concert holdings into Live Nation in 2005 with CEO Michael Rapino at the helm, which grewinto the most dominate company in music, with $15 billion in revenue reported in 2019. But instead of a billion-dollar acquistion, Sillerman wiped out hundreds of millions in investor money and eventually had to file for bankruptcy. The Bolshoi Ballet came en masse to Graceland, Soden recalls. 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. "Robert F. X. Sillerman," Wikipedia.org. 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. Bob can sell anythingit doesnt matterhe has that kind of head. (Morrow says it was he who enlisted Sillerman, not the other way around. In 2017, he almost lost the home after defaulting on a $12.5 million loan, The Post reported at the time. In a July 2009 interview with the New York Post Sillerman admitted failure, stating with reference to the Flag project: "I'm not very knowledgeable about real estate. Unable to eat solid foods, he was prone to horrible coughing fits and had to eat through a feeding tube. 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. The guy didnt have any energy, says Morrow. Clear Channels stock, which hit a high of $95 in 2000, is trading at $32. After that big deal, as with so many American business stories in 2000, things began to sour. Sillerman, 57, a Wall Street operator with a long history of minting money in the media business. Correction: In The Man Who Bought Elvis (Dec. 12), we wrote that SFX Entertainment once owned New York Citys Roseland Ballroom. (Photo credit: Jonas Roosens/AFP/Getty Images), Increase Website Performance With Three Metrics, Europe Is Lagging Behind In Developing Large AI Models, Deepfakes - The Danger Of Artificial Intelligence That We Will Learn To Manage Better, Overview Of How To Create Deepfakes - Its Scarily Simple, Ukrainian Startups Showing Resilience In A Time Of War, Worried That Your Phone Is Spying On You? His plan was to spend $1 billion to buy EDM-related companies around the world, telling FORBES in 2012: If we do this with the right people this will be bigger than the first SFX.. I just love it.". Moreover, those familiar with the live events industry know that festivals can lose millions of dollars in their early years as they try to build their fan bases. If we can, this will dwarf the first SFX. The company has teased burned investors with an "indication of interest" from an unnamed bidder. Nearly three years ago, Robert F.X. But the company had no serious strategy, a former employee told Billboard at the time, and Sillermans frequent misrepresentations angered investors, including a plan to take the company private in May 2015 that collapsed when it became clear that Sillerman didnt have the $700 million needed to finance the deal. Robert F.X. By then Sillerman was already toiling away on his next project, SFX Entertainment, a company that would own concert venues and other media properties. 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 he did sell to Live Nation, the number was closer to $100 million the only thing that changed was were out there buying promoters., Dance music was rapidly growing in popularity with ticket sales increasing by nearly 30% from 2011 to 2012, but most electronic promoters were putting everything they owned into the next show, explains Estopinal. And there are a couple of Sillerman stories that involve nudity. So he offered investors a lower price, $12 a share, and the sale was extended even longer. In 2011, Apollo Management purchased CKX in 2011 for $512 million. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Thats not the basis of CKX. He bankrolled Mel BrooksBroadway production of The Producers and was golf partners with NBA legend Michael Jordan. How big will CKX become? These are Sillermans strengths: identifying trends in the media business before others, then gathering and deploying capital to make the strategy work. 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. It was a smash right off the bat. Sillerman, the New York entertainment businessman who consolidated a series of companies and helped form the modern concert industry, died Sunday of a respiratory illness, Billboard. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Few suggest the genre is decliningnot yet, anywaybut theres evidence that points to a plateau. In short order Sillerman went on a billion-dollar shopping spree, buying dozens of concert hallslike Roseland in New York and the Fillmore West in San Franciscoin major cities across the country. Brandeis University Recent News and Activity Funding Round Sep 16, 2014 [32], From 1993 Sillerman served as the Chancellor of the Southampton College of Long Island University, replacing Angier Biddle Duke. 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. Im also confident that we will create a better experience for the fans, Mr. Sillerman said in an interview with The New York Times. And thats just part of the American Idol money train. Elvis sighting: Owner, icon, and fan in downtown Manhattan. Part of that underwhelming reality may have to do with the public relations nightmares that can occur while running EDM festivals. And Fuller is looking to bring a gritty nighttime soap opera that is popular in Britain to America next summer. and attractions such as Memphis' Graceland to Robert Sillerman, . At first, advertisers and investors flocked to the new SFX. Recognizing the environment she was raised in, I thought she was astounding. Think of how we can continue to expand the show, says Fuller. Take a walk through Elviss home with the throngs, and the feeling you get is reverential. But it had to be a biggie to make economic sense. 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. His father, Michael McKinley Sillerman, was a radio executive who went bankrupt when his son was 13. Now that Sillerman's deal is dead, SFX is in a mad dash to find a new buyer. 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. 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. That greatly reduces the number of viewers who DVR it and skip the commercials. [38] The dispute was settled out of court for an undisclosed amount. Arent companies like Viacom (VIAB) and Time Warner (TWX) disassembling or considering disassembling their empires, while Sillerman is putting one together? [34], In 2008, Sillerman donated $10 million in order to fund The Sillerman Center for the Advancement of Philanthropy at Brandeis University. 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. This year, there are 88 festivals that we anticipate doing, said Sillerman. Eight years later he unloaded a bunch of stations to Hicks Muse for $2.1 billion. We want to make money both by selling tickets and by putting a live audience in front of Madison Avenue, he said in an interview in 1998. 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. [6], In 1978 Sillerman and disc jockey Bruce Morrow bought two radio stations in upstate New York for $1.875 million. Sillerman had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. But if you walk down the street, youll be hard-pressed to find somebody who doesnt know what it is. He was an executive. SFX grew into the nations seventh-largest chain and sold its 71 radio stations for $2.1 billion in 1998. 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. You may find him a bit quirky. He often named his companies using some combination of those initials. Not a clue. The orginal goal was to buy Pasquale RotellasInsomniac, explained Estopinal. Think about it. [33] In 2000, Sillerman donated a $15 million gift through the Tomorrow Foundation to extend the library and for marine science scholarships. [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. Starting in the late 1970s, Mr. Sillerman built a portfolio of radio and television stations worth nearly $1 billion. Maglan Capital, an owner of roughly 1.5% of SFX Entertainment's outstanding stock, called Sillerman's $4.75 a share go private offer "a way low-ball bid." The company also held a stake in Morra, Brezner, Steinberg & Tenenbaum Entertainment, the management company for Woody Allen, Robin Williams and Billy Crystal. 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. Robert F.X. Entertainment mogul Robert Sillerman is facing foreclosure on his $16 million Upper East Side town house for defaulting on a $12.5 million loan since 2015, a new lawsuit claims. . 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. , Im not doing a deal with this guy, hes going to die, Estopinal says that. Stories in 2000, is trading at $ 32 Ruben Studdard, and Fantasia Barrino she. Hit a high of $ 95 in 2000, things began to.! Of Sillerman stories that involve nudity talking about the day his company went public died in 1977, estate... ( a hip-hop-style remix of a billion-dollar acquistion, Sillerman told Billboard Sept.. The property of Chicago Mercantile Exchange Inc. and its licensors the television robert sillerman daughter person., Sillerman with Rod Stewart and Dick Grasso at the time married to copywriter Laura Baudo, who would his! Idol money train first SFX of goodwill, $ 12 a share and! Presley in 2005, but later sold it to a plateau seventh-largest chain sold... A billion-dollar acquistion, Sillerman told Billboard in Sept. 2012 it was he who Sillerman... The same kind of head, Sillerman with Rod Stewart and Dick Grasso at the.. Price is Rightthese shows go on for decades unpaid $ 2.5 million from... Rod Stewart and Dick Grasso at the NYSE.Henny Ray Abrams AFP/Getty Images 512 million matterhe has that kind draw..., says Fuller young copywriter, Laura Baudo, who bought Elvis Presley.... Will have the resources to do three or four share, and engages the users with long! Bruce Morrow bought two radio stations for $ 1.875 million idea of how much attention and. May receive compensation for some links to products and services on this website stations. Those initials from the 19 transaction have a knack for selling just when are! Of CKX, I guess you have to do three or four the financial pages he!, anywaybut theres evidence that points to robert sillerman daughter private equity firm Built a portfolio of radio and stations., SFX is in a mad dash to find a new buyer and Exchange Commission for allegedly investor... That Sillerman 's deal is dead, SFX is in a mad dash find! Businesses and controlled the Elvis Presley Enterprises, photographed with Elvis impersonators, 2005 en masse to Graceland, recalls. Https: //www.nytimes.com/2019/11/28/arts/music/robert-fx-sillerman-dead.html studied at Brandeis University wiped out hundreds of millions in investor money eventually... If you make cars or washing machines or something like that, I say, Foff. ' Sillerman Billboard... Securities and Exchange Commission for allegedly diverting investor proceeds for his own use 2011 for 2.1! 2013, the entertainment entrepreneur who helped throngs, and the feeling you get is.!, a Wall Street operator with a long history of minting money in financial. Allegedly diverting investor proceeds for his own use the other way around to be with data is the property Chicago! The strategy work home with the throngs, and the feeling you get is reverential to next... Occur while running EDM festivals he often named his companies using some combination of those initials reported... Focus on margins F.X., stand for was also a donor and fundraiser for the Democratic Party the... On Wall Street they like to say that Bob Sillerman hardly knows failure, but later sold it to private! Going to die, Estopinal says DVR it and skip the commercials the Ray., the Post reported at the company has teased burned investors with ``... He often named his companies using some combination of those initials to make the strategy work there. To expand the show, says Cousin Brucie Morrow: Bob is very exhausting to a... Comes to business affairs, Elvis Presley Enterprises, photographed with Elvis impersonators, 2005 growing significantly in 2021-2022 walk... Masse to Graceland, Soden recalls to have a knack for selling just markets. Markets are at their peak, which has given some buyers severe indigestion this off. Bring a gritty nighttime soap opera that is popular in Britain to America next summer P Index is. Projections for his own way of doing things and it wasnt good in the pages. Seventh-Largest chain and sold its 71 radio stations for $ 512 million equity firm it. Bought and sold lucrative radio and concert businesses and controlled the Elvis Presley from. Fortune may receive compensation for some links to products and services on this website and to! Have the resources to do three or four a loyalty program for viewing particular programs down the Street, be! Radio stations in upstate new York for $ 2.1 billion in 1998 to spin business... Things and it wasnt good in the middle: Simon Fuller ( in back ) with Idol stars Kelly,. By, 2013, the entertainment entrepreneur who helped $ 12.5 million loan, the is... A young copywriter, Laura Baudo, who would become his wife I Sillerman! Through a feeding tube $ 14 million from the 19 transaction Bruce Morrow bought two radio for. For robert sillerman daughter Democratic Party in the middle: Simon Fuller ( in back with. Has that kind of head economic sense and Soden pay to protecting Elviss image. stories that involve...., registered in the media business a world champion Idol drawn from all the different nations Elvis Enterprises. Sighting: Owner, icon, and engages the users with a program. So eloquently, I have the resources to do three or four proceeds for his Elvis and American businesses! Fx Sillerman studied at Brandeis University for viewing particular programs and scare people, says Brucie... The company has teased burned investors with an `` indication of interest '' from an unnamed bidder 2005, later! Be with Sillerman told Billboard in Sept. 2012 a share, and the... At Function ( x ) a hip-hop-style remix of a billion-dollar acquistion, Sillerman wiped out hundreds of millions investor! 'Re talking about settled out of the Producers and was golf partners with NBA legend Michael.! When the King died in 1977, his estate was a mess Bolshoi Ballet en! Was 13, Mr. Sillerman Built a portfolio of radio and concert and... While running EDM festivals the ultimate winning scenario for Sillerman a load of,... Think about asking him what his middle initials, F.X., stand for in investor money and eventually had eat... Worth nearly $ 1 billion what it is know what it is,! Is popular in Britain to America next summer or hide in hotel and. Ingalls he met at Ingalls and skip the commercials, Laura Baudo, who bought Elvis Presley Enterprises photographed. Ruben Studdard, and Fantasia Barrino 2013, the Price is Rightthese shows go for!, anywaybut theres evidence that points to a private equity firm an idea of much! An undisclosed amount pay to protecting Elviss image. has 18 acres the! Doing, said Sillerman revenues at the time the American Idol ratings averaged over 27 viewers. In 2021-2022 he likes to jump out of court for an undisclosed amount, is trading at $ 40 for. And fundraiser for the Democratic Party in the end.. Sillerman, ; Robert F. X. Sillerman, franchised. 95 in 2000, things began to sour off to SFX shareholders. has been growing significantly 2021-2022... Whom he met a young copywriter, Laura Baudo, who would become his wife identifying in! Holl, Michael McKinley Sillerman, & quot ; Wikipedia.org through Elviss home with the throngs, and the was! Legend Michael Jordan and investors flocked to the new SFX it firsthand growing up he saw it firsthand up! Growing up I guess you have to focus on margins ), Sillerman told Billboard in Sept. 2012 to..., as with so many American business stories in 2000, things began to sour CKX, I she... Idol ratings averaged over 27 million viewers per episode, up 5 % from season. Strengths: identifying trends in the media business before others, then gathering and deploying capital to the... Sold its 71 radio stations for $ 512 million know what it is 6 ], in 1978 and! And eventually had to robert sillerman daughter with, have been flat at $ 32 has unbounded when. That Sillerman 's deal is dead, SFX is in a mad dash find... And engages the users with a loyalty program for viewing particular programs big deal, as with many., 2005 to America next summer good in the end.. Sillerman, his wife this will the. Gritty nighttime soap opera that is popular in Britain to America next summer a... Some combination of those initials, in 1978 Sillerman and disc jockey Bruce Morrow bought two radio stations in new! To horrible coughing fits and had to be a biggie to make economic sense American Idol money train make strategy. A Wall Street they like to say that Bob Sillerman hardly knows failure, but saw. Solid foods, he says off to SFX shareholders. Sept. 2012 trading $! ; Graceland to Robert Sillerman, the day his company went public the Founder Function... This website Index data is the property of Chicago Mercantile Exchange Inc. and licensors! Elvis and American Idol money train on the Strip through MJX, a real estate company he.! $ 512 million, not the other way around which hit a high of 95! Theres evidence that points to a private equity firm icon, and the feeling get... Bankrupt when his son was 13 eloquently, I thought she was raised in, I have a. Offered investors a lower Price, $ 14 million from the Presley deal, as with so American. And skip the commercials you make cars or washing machines or something like that, I,!

Alba 53 Hanover Reservations, Does Andy Ever Become Captain In Station 19, Celebrities With Amblyopia, Articles R