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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SXSWI: VENTURE CAPITALIST BEN HOROWITZ ON 'NOTORIOUSLY DIFFICULT' MUSIC TECH INVESTMENTS, BITCOING POTENTIAL, 'YEEZUS' (Q&A)

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.
Billboard.biz


SPOTIFY OBTAINS $200M CREDIT LINE IN ADVANCE OF POSSIBLE IPO

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.
Billboard.biz


ALAN MCGEE Q&A: LIFE AFTER CREATION, REHAB, 359 MUSIC & MAKING MOVIES

The legendary U.K. executive has launched a new label, 359 Music, in partnership with Cherry Red.
Billboard.biz


TED BERGMANN, PRODUCER OF EARLY GRAMMY TELECASTS, DIES AT 93

The producer of early Grammy and National Football League telecasts has died.
Billboard.biz


LADY GAGA TO PRESENT KEYNOTE ADDRESS AT SXSW

Lady Gaga is not only attending South by Southwest as a performer. She'll also be a featured speaker.
Billboard.biz


MARK CUBAN AT SXSWI ON TECH, 'SHARK TANK,' 'F**ING MORONS'

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?").
Billboard.biz


PHARRELL WILLIAMS BOWS AT NO. 1 IN BRITAIN WITH 'G I R L'

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).
Billboard.biz


MEXICAN STATE GOV'T DRAWS FIRE FOR STOPPING METAL FEST WITH KISS, TWISTED SISTER, GUNS 'N ROSES

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.
Billboard.biz


MISTRIAL DECLARED IN HIP-HOP PROMOTER JAMES 'JIMMY THE HENCHMAN' ROSEMOND'S MURDER CASE

A judge has declared a mistrial in the murder case of a hip-hop promoter already serving a life sentence for smuggling cocaine.
Billboard.biz


CHIPOTLE SUES FRANK OCEAN FOR BACKING OUT OF AD CAMPAIGN

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.
Billboard.biz


SHAZAM CONFIRMS $20M INVESTMENT, COMPANY VALUED AT HALF A BILLION DOLLARS

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.
MusicWeek


NEIL YOUNG'S NEW PONO MUSIC PLAYER WILL COST $400

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.
Gizmodo


CAN THIS MAN SAVE THE MUSIC BUSINESS?

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.
L.A. Times


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