Tomorrowland to have a new owner SOON

Posted at December 4th, 2015 | by Supreet.cheema | in

It’s been a rollercoaster year for Tomorrowland owner company ID&T – not only they had to deal with adverse weather but also tragic happenings like attendee drug overdoses. To add on to that the owners had to face falling stock prices and it looked like ID&T’s bad luck would result in bankruptcy, marking the end of biggest dance music events like Mysteryland, Tomorrowland and Sensation. However, in a strange turn of events it seems a saviour has stepped in to consolidate some of the event company’s debts.

Comes into picture the Dutch media tycoon John de Mol, the producer of reality shows like Big Brother, Fear Factor and The Voice. The media mogul has recently been in talks to purchase the struggling company from it’s parent organization SFX Entertainment.

Though majorly involved in reality show production,John de Mol was also the former owner of music publisher Talpa Music, whose clients included Tiesto, Afrojack, Laidback Luke, and many more. Even though this could be a ray of hope for the event company, it still seems SFX is a sinking ship, with various reports suggesting potential buyers are waiting for it’s impeding bankruptcy before pouncing on any assets, as everything will be cheaper at that point.

Supreet.cheema

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