Saved? Dutch Media Boss Planning to Purchase ID&T.

This past year has been no less than turbulent for Dutch entertainment enterprise ID&T, who, under the dwindling of SFX have experienced some repercussions. The fall of SFX has not only impacted within its own walls, but has also branched out to sub-company ID&T, who are responsible for Hard Dance organisations b2s and Q-Dance.

A short time ago and according to rumours, John de Mol is said to be involved in the purchase of ID&T. Q-Dance CEO and ID&T are currently partaking in negotiations with John de Mol, a media giant who formerly owned Talpa Music, a publishing house for the likes of Tiesto, Afrojack, Fedde le Grand, Laidback Luke and many other heroes in Electronic Dance Music and Talpa Television, responsible for programs like The Voice and Big Brother in The Netherlands. According to a well-informed source, these negotiations have consisted mainly of funding; after de Mol recently sold Talpa and due to the fact that SFX shares are less than 30 cents per share, it’s evident that sufficient funds are available.

One of the biggest problems for SFX has been funds and the past festival season was not particularly successful on all fronts. Although there have been recent cash injections from founder and major shareholder Robert Sillerman, this is only enough to keep things going until the middle of 2016.For now and in terms of the ID&T purchase, it is useful to wait.

So, what does this mean for us? Well as two major Hard Dance organisations are a part of these circumstances it’s hard to tell as things haven’t seemed to be TOO majorly affected by the fall of SFX. We will keep readers updated regarding this situation so keep posted on our site.

Source: Quotenet.nl