18 January 2013 8:57 AM, PST | Huffington Post | See recent Huffington Post news »

This article courtesy of Miami New Times.

By Zachary Fagenson

A media titan who made billions buying up everything from Graceland to American Idol is poised to become the Tsar of Miami Beach nightlife.

New York businessman Robert F. X. Sillerman has made a significant investment in the Opium Group -- owners of Mansion, Set, Mokai, Cameo, and Opium at the Seminole Hard Rock Hotel and Casino, sources confirmed Thursday. Signs at Mokai and Set confirm the role of Sillerman's company, SFX Entertainment.

Sillerman, who in June pledged to spend $1 billion on electronic dance music (Edm), is also negotiating with Miami Management Group, which operate virtually the rest of SoBe's clubs including Liv, Story, and Arkadia.

"As of now, there is a deal in the works," said Mmg's vice president of marketing Jimmy Vargas. Though there's "not much other information besides that."

The bold move to bring the world renowned »

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