Morning Fix: SFX's IPO Filing Puts Market Value at $1.1B; How the Michael Jackson-AEG Verdict Could Change the Business; Internet Radio Goes Mainstream

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SFX SETS TERMS FOR IPO, PROPOSED MARKET VALUE PUTS COMPANY AT $1.1 BILLION

SFX Entertainment, the electronic dance music promotions company founded in 2011, filed details yesterday with the Securities and Exchange Commission regarding its initial public stock offering, which put the company’s market value at $1.1 billion dollars.  
Billboard.biz


HOW THE MICHAEL JACKSON-AEG VERDICT COULD CHANGE THE TOURING BUSINESS

Katherine Jackson’s wrongful death suit against AEG Live will go to the jurors today after closing arguments were made by both but the prosecution and defense. Whatever jurors decide, the case could have long lasting implications on tour deals going forward, especially those for superstar artists. 
Billboard.biz


BUSINESS MATTERS: INTERNET RADIO HITS THE MAINSTREAM, SAYS SURVEY

A new study funded by three leaders in music streaming says Internet radio -- including on-demand services -- is used by 53% of online adults age 12 and over. "The New Mainstream," the study was presented Tuesday at Advertising Week by Larry Rosin, the president of Edison Research.
Billboard.biz


TUPAC SHAKUR'S MOTHER SUING OVER ROYALTIES

Afeni Shakur is demanding more than $1.1 million in royalties from the exploitation of her son's work. She also demands that unreleased masters be handed over in a lawsuit that follows a company's purchase of the song catalogue of Death Row Records. 
Billboard.biz


BANDPAGE, RHAPSODY HOOK UP TO SELL EXPERIENCES

Based in San Francisco, BandPage rolled out its Experiences platform in March, allowing a select number of artists to design and sell custom experiences, such as a private music lesson, a chance to ask band members questions in a one-on-one Skype session or a personally recorded song.  
Billboard.biz


ROCK THE BELLS CANCELED IN NY, DC

A news release from Guerilla Union says the cancellations of this weekend's two-day stop in Washington and next week's shows in New York are due to low ticket sales. Fans will be given full refunds. 
Billboard.biz


BART COOLS TO LEAD WMG'S DANCE MUSIC STRATEGY

Bart Cools, a key dance music executive with EMI for more than 20 years, has joined Warner Music Group. The Dutchman will lead WMG’s dance music strategy in the role as executive VP, global A&R and marketing, dance music, for Warner Recorded Music.  
Billboard.biz


PINK FLOYD MAKES PEACE WITH MUSIC STREAMING: DRUMMER SAYS IT “MIGHT WORK”

Pink Floyd’s attitude to companies like Pandora and Spotify appears to have changed dramatically since this summer when the band very publicly attacked streaming music services.
Gigaom


JUST HOW MUCH OF MUSICAL HISTORY HAS BEEN LOST TO HISTORY?

Valuable original recordings and rare tapes have vanished over the years—a process that Jack White and the National Recording Preservation Foundation are looking to stop.
The Atlantic


MUSIC PIRATE FACES $2 MILLION IN FINES AND RESTITUTION

A plea bargain has been struck in Canada's largest-ever piracy case -- one that will see a Winnipeg business owner pay more than $2 million in fines and restitution. Details of the legal deal emerged Thursday for the first time during a court hearing. The five-year-old criminal case was set to finally be resolved, but has now been adjourned one more time until next month.
Winnipeg Free Press


OWNERS FIX UP BRONX BUILDING CONSIDERED TO BE THE BIRTH PLACE OF HIP HOP

From blight to tourist attraction. The building at 1520 Sedgwick Avenue, known as the birthplace of hip hop, is all fixed up and getting the attention some say it's always deserved.
NY1


HOW MUSIC MAKES US FEEL BETTER

The first major movement in modern psychology, psychoanalysis, held that music could offer an effective means of sublimation—expressing inappropriate desires in socially appropriate ways—and greater access to a patient’s unconscious. More recent approaches have included playing music in hospital wards and waiting areas to help improve patients’ mood and their physical well-being.
The New Yorker


STOP THE PRESSES!

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