SOURCES:

FORBES
FACTMAG
BEATPORT

SFX Entertainment‬, The company that owns Beatport, has filed for bankruptcy.

Beatport itself will NOT BE AFFECTED by this, but it appears that many of my friends and colleagues saw this coming.

Thoughts?

Interesting. Will see what comes out of this.

It is sad really. I don't like the company, but Beatport and Juno are really the only two worthwhile stores left for digital music.

If anything WAS to happen to Beatport, that would leave us with one.

I don't know what is going on and why so many stores are shutting down but that is the only thing I worry about. I don't have record shops to go to anymore, and unfortunately only have two digital stores left. Not much competition to keep prices where they are or prevent them from going higher.

Lets say something did happen to the stores (you can see this is all I really care about out of this haha) where would we shop for music? You can't DJ with all these new streaming services like Spotify and Apple Music... so where does that leave us?

Something to think about

I don't think you'll have to worry about being able to buy music. If there aren't any music portals left anymore (I doubt that will happen soon, cz other portals will probably fill in the empty spots, and smaller portals will be chosen quicker by the labels to sell their music. And even if all music portals would be gone, labels will probably sell their music themselves. Cz 1 thing is clear, labels and artists will always want to sell their music. Their urge is bigger than yours to buy

I personally use iTunes for most of my music purchasing needs and only go to Beatport if I can't find the songs on iTunes.

Also, while not as big and well-known as Beatport, Bandcamp is a website where music can be both sold AND bought.

Yea. The nice thing about beat port is their catalog and ability to buy in uncompressed format. Juno is the same but I really wish they would make their website easier to browse. It is very outdated.

For what is actually being affected though, it stinks for those big events. I never went to any of them to know if they were any good but to loose more events is not good for anyone.

Originally posted by R33

For what is actually being affected though, it stinks for those big events. I never went to any of them to know if they were any good but to loose more events is not good for anyone.

Ah yes, now I remember that name! It's the company that bought ID&T! That sucks for many big Dutch festivals indeed. On the other hand, ID&T have been working hard already before the takeover to destroy their events. They started with Trance Energy for example. Was once the biggest indoor festival in the world and the most popular Dutch festival. Until they changed the format and the name into Energy. It wouldn't mean there would be no trance anymore they said, but that same year (2011), only a few trance DJs were left and the year after that, none anymore. The year after that (2013) was the last edition in the Ziggo Dome. There was only room for 5,000 visitors and wasn't even sold out.

But what I see more nowadays is that American companies take over Dutch companies and a few years later, they're bankrupt. Same happened with a very big Dutch warehouse (V&D). It existed for 100 years or something, was by far the biggest of the Netherlands. A few years ago an American company bought it, a few weeks ago they went bankrupt.