After emerging from Chapter 11 bankruptcy protection on 12/2, SFX Entertainment is being rebranded as LiveStyle and claims it's "positioned to be the world’s largest electronic music event producer." As President and CEO, Randy Phillips (pictured) will lead operations from L.A., where worldwide headquarters will be established.

“LiveStyle has the same potential that AEG Live had when I assumed the reins of that company as CEO," shares Phillips. "In fact, it has many more assets to build upon, has an impressive management team, especially at the event level, including most of the original founders of these world-renowned festival brands. Armed with no debt, a re-capitalized financial structure, and an incredibly supportive board, we will build LiveStyle into an essential company in the live entertainment sector. Having done this once before, my team and I are very excited to get started.”

Along with Phillips, Charles Ciongoli will serve as EVP and CFO. There's also SVP Alan Walter, and Jason Barr, who will serve as SVP, General Counsel and Corporate Secretary.

Equity owners include Chairman of the Board Andrew Axelrod of Axar Capital Management, Douglas Forsyth of Allianz Global Investors and Nils Larsen, former President and CEO of Tribune Broadcasting.

It's also worth noting that ticketing services and solutions platform Paylogic and Beatport—the leading electronic music-oriented online store and DJ destination—are owned by LiveStyle and will report to the company’s board, while operating independently.