You will be redirected back to your article in seconds

SFX ups promo exec

Becker in, Sillerman out as Clear Channel deal closes

Brian Becker has been elevated to chair-CEO for live event-promotion behemoth SFX Entertainment, as the company’s $4.4 billion merger with radio and outdoor giant Clear Channel officially closed Tuesday.

He replaces SFX exec chair Robert F.X. Sillerman, who exits to pursue new challenges.

Becker — most recently exec veep and a director of SFX — will oversee all operations for the company. He was previously responsible for the firm’s theatrical, motorsports and SFX Live ops as well as being involved in the planning and implementation of overall corporate strategies.

Becker joined SFX in 1998, when it acquired live event promoter PACE Entertainment, which he headed for 16 years.

‘Mutually beneficial’

In making the announcement, Clear Channel chair-CEO Lowry Mays — to whom Becker will report — said that “A seasoned executive such as Brian Becker at the helm ensures that the mutually beneficial relationship between the two companies will be fully realized and expanded on in the years to come.”

“Brian Becker is an exceptional leader who brings unmatched experience in successfully guiding and growing a company in the midst of, as well as after, a merger,” Sillerman said.

“I’m eager to move SFX forward as part of the Clear Channel family,” Becker said. “Augmenting SFX’s extensive network and superior talent with Clear Channel’s unparalleled global resources will offer previously unimaginable opportunities in live entertainment to sponsors, performers and marketing partners.”

In the wake of the official announcement, SFX shares climbed from 46 to 47.69; Clear Channel shares rose from 76.88 to 78.38.

More Biz

  • Jussie Smollett Good Morning America

    Jussie Smollett Angrily Denies Complicity in Attack

    Attorneys for “Empire” actor Jussie Smollett issued a statement Saturday denying that he orchestrated his Jan. 29 assault, and saying he is “angered” and “devastated” by recent developments in the case. Chicago police want to interview Smollett, after learning new evidence from two Nigerian brothers who were released on Friday night. Local media outlets have [...]

  • Walt Disney Archives Founder Dave Smith

    Walt Disney Archives Founder Dave Smith Dies at 78

    Walt Disney Archives founder Dave Smith, the historian who spent 40 years cataloging and preserving the company’s legacy of entertainment and innovation, died Friday in Burbank, Calif. He was 78. Smith served as Disney’s chief archivist from 1970 to 2010. He was named a Disney Legend in 2007 and served as a consultant to the [...]

  • Colin Kaepernick Kneel

    Colin Kaepernick, Eric Reid Reach Settlement With NFL

    Colin Kaepernick and Eric Reid, two football players who alleged the National Football League colluded to oust them from the game after they started kneeling in protest of racial inequality during the playing of the national anthem, have reached a settlement in the matter, according to a statement from the sports organization and lawyers representing [...]

  • R. Kelly

    R. Kelly Could Be in ‘Big Trouble’ Over Alleged New Sex Tape, Attorney Says

    Strong allegations of sexual misconduct have followed R. Kelly for 25 years, but the singer has always managed to slip free. Yet reports that a videotape of him sexually assaulting an underage girl, combined with the outcry surrounding the Lifetime documentary “Surviving R. Kelly,” means that public sentiment, at the very least, is definitely not [...]

  • Christian Bale as Dick Cheney in

    New Media Residuals and Feature Films Contribute to Spike in Writers' Pay

    The outlook for members of the Writers Guild of America has brightened — even amid pervasive uncertainty in the entertainment industry. According to the most recent report to WGA West members, earnings surged 2.8% to $1.41 billion in 2017, thanks mostly to gains in feature films and new-media residuals. Total covered earnings for WGA West [...]

  • Joe Dante Gremlins

    Hollywood Execs Seek Licensing Deals at the New York Toy Fair

    On Feb. 16 more than 30,000 studio executives, buyers and toy company reps will gather in Manhattan for the annual Toy Fair New York, all vying for market share and trying to snag the latest hot trend in a fast-changing industry. Those working the film side of the business will focus much of their attention [...]

  • Lady Gaga Bradley Cooper A Star

    Universal Music Group Fuels 11.3% Rise in Vivendi's 2018 Revenues

    Vivendi’s revenues were up 11.3% to €13.93 billion ($15.7 billion) in 2018, powered by Universal Music Group, which delivered such hits as the “A Star Is Born” soundtrack and Drake’s new album. UMG’s revenues climbed by 10% to €6 billion ($6.8 billion) compared to 2017. On top of the “A Star Is Born” soundtrack, the [...]

More From Our Brands

Access exclusive content