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Head of SXSW let go amid reports of layoffs

Summary by Spectrum Local News
According to reports from the Austin American-Statesman, Hugh Forrest was terminated after only just coming on board as president last year.

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SXSW, which began as a music festival in Austin, Texas, in 1987, has expanded to a two-week event that now features three programming tracks: music, film and interactive. Penske, who owns publications such as Rolling Stone and The Hollywood Reporter and events such as the Golden Globes, invested for the first time in the festival in 2021. At that time, bought 50 percent of the company with a partner, MRC. The two partners took control of the fes…

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Spectrum Local News broke the news in United States on Tuesday, April 29, 2025.
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