Beatport incurred US$5.5 million in losses for 2015. In March 2016, as part of SFX's bankruptcy, the company announced that it planned to auction off Beatport and digital firm Fame House (the latter eventually sold to Universal Music Group) to focus more on its live events business. On May 10, 2016, Beatport announced that the auction of the company had been suspended, and that it would instead cut back its operations to focus solely on its music sales business—resulting in the discontinuation of Beatport's streaming, live and original content operations. The company also announced layoffs as it underwent restructuring, with as many as 49 employees departing the workforce.