Morning Fix: Chance the Rapper Meets a Legal Black Hole; Russell Simmons Announces All Def Digital; Downtown Music Publishing Lands in L.A.; Elvis Presley's Estate Bidding Enters Second Round

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CHANCE THE RAPPER, WITH 'ACID RAP' MIXTAPE, MEETS THE LEGAL BLACK HOLE AROUND UNSIGNED ARTISTS (FROM THE MAGAZINE)

Mixtapes remain a critical promotional tool in the industry, particularly among hip-hop artists, where they often rival official albums. Outside the purview of the major-label system, however, artists have little protection against infringement.  
Billboard.biz


RUSSELL SIMMONS ANNOUNCES LAUNCH OF ALL DEF DIGITAL YOUTUBE CHANNEL

Def Jam co-founder and music mogul Russell Simmons has announced the launch of a new YouTube channel, All Def Digital, a collaboration between Rush Digital Media, Simmons' media company, and Dreamworks Animation subsidiary Awesomeness TV, one of the most teen-trafficked video platforms. 
Billboard.biz


DOWNTOWN MUSIC PUBLISHING EXPANDS TO WEST COAST, NAMES AMY DRISCOLL-DUNNING SENIOR VP

As tipped to Billboard in June, Downtown Music Publishing has officially announced its expansion to the West Coast. The company will open a Los Angeles office and has appointed Amy Driscoll-Dunning senior VP of creative services and business development.
Billboard.biz


ELVIS PRESLEY ESTATE BID IN SECOND ROUND, SONY CORP. AND G2 INVESTMENT GROUP AMONG EXPECTED SUITORS

The auction for Core Media’s packaged estates of Elvis Presley and Muhammad Ali is now in the second round as bids are landing at the the Raine Group, the investment bank running the auction for Core Media. The New York Post reported that bids were due Wednesday (Aug. 14).
Billboard.biz


RHAPSODY'S FINANCIALS SHOW SUBSCRIPTION MUSIC ISN'T EASY

Music subscription service Rhapsody is growing, shrinking and losing money. Breaking even would probably require a substantial, but not improbable, growth in subscribers in the midst of increased competition.  
Billboard.biz


LIVE NATION CEO MICHAEL RAPINO SELLS ALMOST $12 MILLION IN STOCK

Live Nation CEO Michael Rapino recently sold 640,000 shares of his common stock holdings in the company, earning him $11.7 million, according to an Aug. 13 Securities and Exchange Commission filing. The two transactions, made on Friday and Monday, accounts for approximately 38 percent of his direct holdings in Live Nation.   
Billboard.biz


THE CIVIL WARS DEBUT AT NO. 1 ON BILLBOARD 200 ALBUMS CHART

Though the duo may be on a touring hiatus, the Civil Wars are celebrating their first No. 1 album this week. The act's new self-titled set debuts atop the Billboard 200 chart, selling 116,000 copies according to Nielsen SoundScan.   
Billboard.biz


DEEZER PARTNERS WITH CLASH MAGAZINE

Streaming service Deezer has partnered with UK music magazine brand Clash in a deal that will see the brand's expert editorial utilised.
Music Week


STEINWAY PIANO COMPANY BUYOUT AGREED WITH PAULSON & CO HEDGE FUND

Steinway Musical Instruments, best known for its grand pianos, has agreed to be taken private by Paulson & Co after the hedge fund firm raised its offer to $40 per share, valuing the 160-year old company at about $512m (£330m).
Guardian


NEW MANAGEMENT AT MAMA AFTER JAMES PUSHED OUT

London-based live music firm MAMA & Company is prepping itself for a new management structure following the sudden departure of CEO Dean James last week.
CMU


THE ROLLING STONES SUE FASHION COMPANY OVER ICONIC LOGO

The Brown Sugar hitmakers are suing bosses at clothing company New Yorker Fashion for using their mouth and tongue design on posters and clothing tickets, but the CEO of the company argues that the design is not exclusive to the rockers.
Star Pulse


HAIM, DIZZEE RASCAL AND KENDRICK LAMAR ADDED TO ITUNES FESTIVAL LINE-UP

The month long event, which takes place at London's Roundhouse venue, will host headline shows from all three acts with Haim performing on September 21. The gig will take place days before the sister trio from LA release their long-awaited debut album 'Days Are Gone'.
NME


RARE JOY DIVISION AND NEW ORDER MATERIAL RESCUED FROM DUMPSTER

Allegedly saved from a trip to the dumpster (or skip to the Brits), a whole litany of rare recordings made by legendary producer Martin Hannett have been discovered by his former assistant Julia Adamson.
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