Morning Fix: What SoftBank's $8.5B UMG Bid Means; Muve Vs. Spotify; T Rex Spawn Seeks Ownership; Pitchfork Fest Bigger, Beer-ier

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SOFTBANK'S $8.5 BILLION TAKEOVER BID OF UNIVERSAL MUSIC GROUP REJECTED BY VIVENDI (REPORT)

 

An $8.5 billion takeover bid of Universal Music Group (UMG) by Japanese telecoms group SoftBank some three months ago was rejected by Vivendi, the French media and telecom conglomerate that owns UMG, according to sources. The story was first reported by the Financial Times.
Billboard.biz


UNIVERSAL MUSIC'S $8.5 BILLION BID: A MARKET LEADER'S PREMIUM

With news that Vivendi spurned an $8.5 billion bid from SoftBank made three months ago to buy the Universal Music Group breaking after the close of Euronext Paris' trading hours, it remains to be seen if that offer will spur Vivendi’s stock price to new highs and thus put pressure on the French company to divest its music company.
Billboard.biz


LEGAL FIGHT OVER T REX SONGS PORTENDS MUSIC INDUSTRY BATTLES

Last week, Rolan Feld, the son of T Rex frontman Marc Bolan filed a lawsuit in California federal court that seeks a declaration that he is now the sole owner of many of Bolan's famous songs like "Bang a Gong (Get It On)" and "Ride a White Swan."
Billboard.biz


PITCHFORK FEST 2013: BIGGER HEADLINERS, MORE SPONSORS, ELABORATE PRODUCTION, KILLER MIKE AND EL-P'S NEW BEER

Now in its eighth year, the Pitchfork Music Festival has growing pains like any other festival. It's likely to sell out a capacity of 54,000 tickets across three days at Chicago's Union Park. It also has a record sponsor count that's close to 20, with Ray-Ban, Vans, H&M, Tito's Vodka and Goose Island beer, among others.
Billboard.biz


MUVE MUSIC HAS NEARLY 1.7 MILLION SUBSCRIBERS, BUT IS SPOTIFY BIGGER?

Muve Music has "nearly 1.7 million subscribers," a company spokesperson tells Billboard. That most likely makes it the top music subscription service in the country by number of subscribers. Digital Music News reported the number on Thursday, but that report suggested the service had actually exceeded the 1.7 million threshold.
Billboard.biz


BMG SIGNS BACKSTREET BOYS FOR PUBLISHING, RECORDINGS

The Backstreet Boys celebrate their 20th anniversary this year, and to mark the milestone, will release their eighth album, In A World Like This, through BMG on July 30. The group was previously signed to Jive Records.
Billboard.biz


ROBB SPITZER NAMED MANAGING DIRECTOR OF LIVE NATION CHINA

Spitzer’s position, based out of Shanghai, is a newly created job that will allow him to work with Live Nation’s joint venture partner in China to bring more international acts to the Chinese Market.
Billboard.biz


BON JOVI TOPS HOT TOURS WITH EUROPEAN RUN

Bon Jovi lands at No. 1 on the weekly ranking of Hot Tours with $71.9 million in box office grosses reported from the European leg of the "Because We Can Tour" that has played concert venues in North America, South Africa and Europe since launching in February.
Billboard.biz


BLOOM.FM SURVEY DIGS INTO PIRACY, PRICING AND YOUTUBE’S MUSIC POPULARITY

Streaming music service Bloom.fm published some results from a survey this morning. You might be tempted to write it off as a piece of research where the questions asked and answers published were chosen purely to support the company’s own business model. We think there’s more to it, though.
Music Ally


CATHY RIGBY SUED BY COMPOSER OVER 'PETER PAN' MUSICAL

Cathy Rigby, the former Olympic gymnast turned stage actress, is being sued for millions of dollars by a composer who claims that he hasn't been properly paid for his work on a production of "Peter Pan" that her company presented at the La Mirada Theatre for the Performing Arts in 2004 and on a national tour.
Los Angeles Times


20 YEARS AGO, TUPAC BROKE THROUGH

This year marks the 20th anniversary of a remarkable year in music. Over the 12 months of 1993, the Wu-Tang Clan, Snoop Dogg, A Tribe Called Quest, Queen Latifah and more than a dozen other rap groups released albums that helped change the sound of America. That year one of the most influential rappers to ever hold a microphone released his breakout album.
NPR


SECRET TAPE OF KANYE WEST RANTING ABOUT TAYLOR SWIFT, RACISM

The audio supposedly was recorded secretly while West was at dinner with friends after leaving Radio City Music Hall on the night of the 2009 VMAs (September 13, 2009). Our tipster tells us that West shared a table with other musicians (none of whom are easily identifiable in the audio above) at the Corner Bistro in New York's West Village.
Gawker


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