Morning Fix: Spotify Obtains $200M Credit Facility; Ben Horowitz Talks Music Tech, Bitcoin, 'Yeezus'; Lady Gaga to Present SXSW Keynote; Chipotle Sues Frank Ocean
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Fresh off a chat with Nas (yes, Nas) given to the Austin Convention Center's largest room, we caught up with the fascinating, frank mogul while en route to one of many industry events he had planned for his time in Austin.
Spotify, one of the world's largest music music subscription services, has obtained a $200 million credit facility from lenders which may indicate an initial public stock offering is in the works, according to a report in the Financial Times. The credit was financed at the end of last year by Morgan Stanley, Credit Suisse, Deutsche Bank and Goldman Sachs.
The legendary U.K. executive has launched a new label, 359 Music, in partnership with Cherry Red.
The producer of early Grammy and National Football League telecasts has died.
Lady Gaga is not only attending South by Southwest as a performer. She'll also be a featured speaker.
Entrepreneur, Dallas Mavericks owner, and "Shark Tank" alum Mark Cuban proved an engaging, entertaining interview with Mac's Guy Kawasaki, covering topics from whether four-year colleges are worth the investment to where Microsoft should invest its money (he even answered the eternal question "boxers or briefs?").
Pharrell Williams has followed the million-selling U.K. success of his “Happy” single with a No. 1 debut for his “G I R L” album (Columbia/Sony).
A Mexican state's decision to cancel a two-day heavy metal concert with top bands like Kiss, Twisted Sister and Guns 'N Roses is drawing fire from fans and organizers, who say they suspect that political motives, corruption or discrimination are behind the move.
A judge has declared a mistrial in the murder case of a hip-hop promoter already serving a life sentence for smuggling cocaine.
Chipotle is suing Frank Ocean claiming it paid Ocean an initial payment of $212,500 to lend his vocals to an ad campaign and that the musician backed out without delivering the song.
Shazam Entertainment has confirmed raising $20 million via a funding round from a consortium of private investors that values the tech company at half a billion dollars. Reports first surfaced of the investment in February, but without confirmation from the company itself.
Neil Young's new music player, Pono, has been on the cards for some time. But now, there are finally some real details: from March 15th, you'll be able to pre-order one on Kickstarter for $400.
Even though many have written off the recording industry as a casualty of the digital age, Universal Music Group's Lucian Grainge is determined to reinvent it.
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