Robert Sillerman, founder of SFX Entertainment, has died. The news has been confirmed by Sillerman’s lawyer, Sanford Philip Rosen and according to Billboard, Sillerman passed away due to a respiratory illness at the age of 71.
At the time of his passing the New York native was embroiled in a myriad of financial troubles during his tenure as CEO of SFX, after which the company dissolved and was rebranded as LiveStyle, with Gary Richards, aka Destructo, serving as president. The former production giant was known for putting on massive and exciting events such as Electric Zoo in New York, Spring Awakening in Chicago, and TomorrowWorld in Atlanta from 2012-2016.
The business eventually declined, and in 2016, SFX declared bankruptcy. This year, Sillerman was ordered to pay $179,000 in a securities fraud case. Read more about the man and his business here.