The now-public dance-music group SFX Entertainment filed its latest quarterly financials late last week, revealing third-quarter revenues of $48.7m and a net loss of $33m – the latter a big increase from the $2m loss in Q3 2012. The financials also reveal the latest stats for download store Beatport, which SFX bought for $58.6m in March 2013. Beatport generated revenues of $12.1m in the third quarter, but after direct costs and administrative costs returned an operating loss of $1m. It accounted for 24.8% of SFX’s overall revenues for the quarter, although the group states elsewhere in the financials that it hopes Beatport will grow to become around 47% of its revenues in 2014 and 2015, reducing the pressure on SFX’s events business.
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…