they were profitable in the past, but last year they lost money. Simple math, in a dead EDM market, a dying WMC, this town ain't big enough for GG and UMF... They either merge or they both loose money.. LP stopped bringing tiesto to space because at the time tiesto was only doing concerts, but there was a falling out, then tiesto refused to do GG after the prive party, so LP took it out on Ferry, notice Ferry didn't play space for Wmc... Now tiesto's stock has dropped and he's back playing clubs aka borgota in NJ... yet Tiesto can sell out any venue in South America on any day of the week. So the only people loosing here are his fans. Tiesto stock is still high. i sold a few years ago.