SFX’s Newest efforts to survive don’t go quite as planned as Live Nation’s Head of Electronic music reneged his potential deal to step in as CEO of the company, mainly due to the inability to provide the salary asked of them to provide.

Not only this, but Beatport, one of the drowning company’s holdings, and Spotify failed to seal a deal, with the deal to host some of the former service’s exclusive content falling through.

The clock seems to be ticking at a quick pace, which just goes to show you probably shouldn’t invest in something you’re so eager to reveal you know nothing about.

SOURCE: LessThan3

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