Morning Fix: EDM Sells Out While SFX Prepares for $175M IPO; Beats By Dre Seeks New Investor; Jamaican Economy Brings Woes to Sumfest

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EDM'S DEAD, LONG LIVE... EMC? SFX'S IPO LOOMS LARGE WHILE THE INDUSTRY SELLS OUT

With Sillerman, 65, just weeks away from taking the EDM incarnation of SFX to the public markets in a $175 million initial public offering, Wall Street is about to provide some tough answers. In a few weeks the industry will know how investors really feel about the burgeoning EDM movement, and more specifically their opinion of Sillerman's latest roll-up.  
Billboard.biz


BEATS BY DR. DRE MAKER LOOKING FOR NEW INVESTOR (REPORT)

Beats Electronics, the company behind the Beats by Dr. Dre headphones, is looking to broaden its product lineup and bring in a new investor, The Wall Street Journal reported, citing people familiar with the situation. 
Billboard.biz


SINKING JAMAICAN DOLLAR BRINGS CHALLENGES TO REGGAE SUMFEST, THE COUNTRY’S LARGEST MUSIC FESTIVAL

The ongoing devaluation of the Jamaican dollar within the past 12 months has brought significant challenges and steep price increases to this year’s staging of Reggae Sumfest, Jamaica's largest music festival. “It cost US$2 million to put on Sumfest, more than last year, due to the economy,” said Johnny Gourzong, Summerfest Productions' CEO and executive director.
Billboard.biz


JACQUELINE SATURN, 20-YEAR VETERAN OF EPIC RECORDS, HEADS TO CAPITOL'S HARVEST

Jacqueline Saturn, a 20-year veteran of Epic Records who left the company in late July, is headed to Capitol Music Group's Harvest Records label, the Hollywood Reporter has learned.
Billboard.biz


JENNIFER LOPEZ DEAL WITH 'AMERICAN IDOL' IMMINENT (SOURCE)

The person said Monday that a deal is close to being signed with Lopez, who was an "Idol" judge for the 2011 and 2012 seasons. The person wasn't authorized to comment publicly and spoke on condition of anonymity.  
Billboard.biz

 


LIVE NATION AUSTRALASIA TEAMS WITH BRAND AGENCY MIXITUP

Live Nation’s Australasia company has formed a joint venture with brand agency mixitup Enterprises, which will focus on creating music and entertainment brand partnerships across Australia and New Zealand.   
Billboard.biz


BEATLES TRIBUTE WILL END BROADWAY RUN MONTHS EARLY

The insatiable appetite for all things Beatles-related has driven up prices for memorabilia, kept bookshelves well-stocked and kept the group’s record label busy with compilations, reissues and remastered versions of classic discs and films. But the appetite for Beatles tribute shows on Broadway is not so strong, apparently.
New York Times


NEIL YOUNG AND CRAZY HORSE CANCEL FOUR-CITY NORTH AMERICAN TOUR

Neil Young and Crazy Horse have cancelled their upcoming four-city North American tour due to an injury to guitarist Frank "Poncho" Sampedro's hand. "[His] doctor has indicated that Sampedro's hand requires additional time to heal properly," says a press release.
Rolling Stone


TAYLOR SWIFT TIES RECORD FOR MOST SOLD-OUT SHOWS AT STAPLES CENTER

Taylor Swift has brought her Red tour to Los Angeles, and beyond the fact that she’s returning to the city where she’s spent considerable quality time onstage, in the studio and just hanging out, Swift’s stint at Staples Center this week has earned her a special distinction.
Los Angeles Times


KANYE HAS A DREAM: INSIDE HIS CREATIVE AGENCY DONDA

Before Hanna Christian started working for Kanye West, she was a waitress at The Mercer Kitchen. The exclusive restaurant serves as the cornerstone of New York City’s Mercer Hotel, where West and Jay Z camped out in early 2011 to record their album, Watch the Throne. When West returned in October of that same year to take a series of meetings, Christian, then a 21-year-old college dropout and aspiring visual artist, struck up a conversation.
Vibe


TESCO TO LAUNCH TABLET WITH PRE-LOADED MUSIC - REPORT

Supermarket giant Tesco is preparing to launch its own-brand tablet in time for Christmas and go toe-to-toe with the likes of Apple, Amazon and Google.
Music Week


WHISTLE WHILE YOU WORK: ON MUSIC & TOIL FROM COMMUNISM TO COLDPLAY

Drawing on historical sources and ethnographic study, they note that 'at various historical points the workplace has been the single most common arena for creating, and for listening to, music'. Accompanied by a CD of the same name released on the Harbourtown label, their book seeks to address this fact – tracing the history of music in British manual workplaces from preindustrial times to the present day.
The Quietus


STOP THE PRESSES!

  • Composer Says Cuts Undermine Culture

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