Morning Fix: BMG Rights Management Acquires Bulk of Primary Wave's Pub Assets; Microsoft Nabs Nokia's Devices and Services for $7.2 Billion; David Bowie's Return to the Stage

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BMG RIGHTS MANAGEMENT TO ACQUIRE BULK OF PRIMARY WAVE'S PUBLISHING ASSETS (EXCLUSIVE)

BMG Rights Management, a subsidiary of German media conglomerate Bertelsmann, is in late-stage talks to acquire the bulk of publishing assets owned by the U.S.-based independent music publishing and management company Primary Wave, according to sources with knowledge of the situation. The deal, which is said to be imminent, is for a reported purchase price of more than $130 million.  
Billboard.biz


MICROSOFT BUYING NOKIA DEVICES AND SERVICES UNIT FOR $7.2 BILLION

Microsoft Corp. is buying Nokia Corp.'s devices and services business, and getting access to the company's patents, for a total of €5.44 billion ($7.2 billion) in an effort to expand its share of the smartphone market, the companies announced late Monday.  
Billboard.biz


DAVID BOWIE CONCERT COMEBACK ON THE CARDS: REPORTS

Now that David Bowie is back in fashion with a new album and a record-breaking exhibition, attention is inevitably turning to when he'll next stage. The Thin White Duke is at the center of a bidding war between promoters keen to stage his live comeback.  
Billboard.biz


REGULATORS OK AEG'S PLANNED TAKEOVER OF LONDON'S WEMBLEY ARENA

AEG currently owns and operates the O2 Arena -- which recently played host to Beyonce, Justin Bieber and will be the venue for a series of Jay Z concerts – and the Hammersmith Apollo, the venue for LeAnn Rimes' upcoming show, in the British capital.  
Billboard.biz


CONCERT FOR SANDY RELIEF'S ROBIN HOOD FOUNDATION SUES PATRIOT COMMUNICATIONS OVER 'MILLIONS' IN MISSED DONATIONS

A charity that helped organize last year's star-packed Concert for Sandy Relief says millions of dollars in donations were left on the table due to spotty service from the company tasked with processing the donations.  
Billboard.biz


ELECTRIC ZOO FESTIVAL CANCELED FOLLOWING TWO DRUG-RELATED DEATHS (UPDATED)

Today (Sept. 1),  the final day of the three-day Electric Zoo Festival was canceled by New York City government following two fatalities and after four concertgoers became critically ill and were placed in critical care units in area hospitals. The city claimed the deaths "appear to have involved the drug MDMA (ecstasy or molly)."  
Billboard.biz


OUR STARTUP COULD BE YOUR BAND’S LIFE: DISMEMBERMENT PLAN’S TRAVIS MORRISON LAUNCHES SHOUTABL

“We were really kind of spiraling towards each other,” says Morrison. After spending two-and-a-half months frustrated from hacking together his own band’s website using Wordpress, Morrison got an email from Donovan with an idea for a simplified web publishing service geared towards musicians.
Billboard.biz


SPOTIFY MAKES ITS BIGGEST HARDWARE PLAY YET WITH SPOTIFY CONNECT, SYNCING MUSIC AT HOME AND BEYOND

Spotify is today adding a new feature to its iOS app that represents the streaming company’s most ambitious move yet to position itself as the go-to music app on connected devices — and in the process entice more people to pay the $9.99 per month required to use the app.
TechCrunch


WHY THE $130 BILLION DEAL FOR VERIZON WIRELESS IS KEY TO VERIZON'S FIGHT FOR THE FUTURE OF MOBILE AND MEDIA

Verizon Communications announced today that it is forking over $130 billion to buy the 45% share of Verizon Wireless it doesn’t already own (the share was owned by the British telecom, Vodafone).
Business Insider


FOR A CLASSIC MOTOWN SONG ABOUT MONEY, CREDIT IS WHAT HE WANTS

Over the years, “Money” has generated millions of dollars in publishing royalties. It was recorded by both the Beatles and the Rolling Stones, has been widely used in films and advertisements and is now featured in “Motown: The Musical” on Broadway. But the pianist and singer Barrett Strong, who first recorded “Money” and, according to records at the United States Copyright Office in Washington, was originally listed as a writer of the song, says that he has never seen a penny of those profits.
New York Times


LANDFILL FUTURES: IS THE EDM BUBBLE ABOUT TO BURST?

Hubris in the 1980s video game industry ended with millions of E.T. games buried in the desert. With the latest wave of corporate tie-ins and a Deadmau5/Space Invaders hook-up, asks Scott Wilson, is the apparently booming US EDM industry heading for a similarly spectacular fall?
The Quietus


CASH MONEY RECORDS AND CHASE RECORDS PARTNER IN MULTI-MILLION DOLLAR DEAL

Business Wire reports that the new venture will see the debut album of 17-year-old Austin Mahone released through it as its first joint project later this year. 
Music Week


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