Morning Fix: The Great Lou Reed RIP; Quincy Jones Files Lawsuit Against Michael Jackson; Twitter Tests IPO; Katy Perry, Lorde Top UK Sales Charts

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LOU REED RIP: WHAT IF EVERYONE WHO BOUGHT THE FIRST VELVET UNDERGROUND ALBUM DID START A BAND?

A popular perception of the Velvet Underground, fronted by the late-Lou Reed, is that while the group didn’t sell many records, they inspired legions to start bands. In fact a popular trope is that the Velvet Underground’s first album “The Velvet Underground & Nico” only sold in the thousands, but everyone who bought it formed a band.
Billboard.biz


THE MANY LIVES OF LOU REED'S 'SWEET JANE'

Joe Levy writes about the many lives of Lou Reed's "Sweet Jane," one of the best songs rock & roll has produced about itself.
Billboard.biz


KATY PERRY, LORDE GRAB TOP SPOTS ON U.K. SALES CHARTS

Katy Perry’s “Prism” (Virgin/Universal) debuted at the top of the U.K. album chart yesterday (Oct. 28) to become her second No. 1 on that survey. Her much-touted Virgin labelmate, 16-year-old New Zealand-born newcomer Lorde, became the youngest solo artist to debut atop the singles chart here for 15 years with “Royals.”
Billboard.biz


TWITTER TESTED ON NYSE IN PREPARATION FOR IPO

The New York Stock Exchange says its test run of Twitter's initial public offering on Saturday was a success, as the exchange takes pains to avoid the technical problems that marred Facebook's debut.
Billboard.biz


QUINCY JONES FILES $10M LAWSUIT OVER MICHAEL JACKSON MUSIC

The producer of the singer's most famous work alleges "clandestine agreements" intended to deprive him of full royalties owed from posthumous releases.
Billboard.biz


KENNY ROGERS, BOBBY BARE, JACK CLEMENT INDUCTED INTO COUNTRY MUSIC HALL OF FAME

Kenny Rogers, Bobby Bare and the late "Cowboy" Jack Clement - three men whose influence still ripples across the surface of modern music - are now members of the Country Music Hall of Fame.
Billboard.biz


MUSHROOM GROUP'S MATT GUDINSKI LAUNCHES PURIFIER APP

The brainchild of Mushroom Group executive director Matt Gudinski, Purifier has launched as a free product in Apple’s App Store.
Billboard.biz


JAY Z ON BARNEYS RACIAL PROFILING CONTROVERSY: 'WHY AM I BEING DEMONIZED?'

Jay-Z - under increasing pressure to back out of a collaboration with the luxury store Barneys New York after it was accused of racially profiling two black customers - said Saturday he's being unfairly "demonized" for just waiting to hear all of the facts.
Billboard.biz


JACK WHITE EXPLORES HISTORY OF PARAMOUNT RECORDS

In the annals of American music in the 20th century, no record label had a more unlikely origin or trajectory than Paramount Records. Founded in 1917 as a subsidiary of the Wisconsin Chair Company, which was eager to supply content for the phonographs it had begun to manufacture, Paramount took a scattershot approach to its business, recording more than 10,000 tracks of blues, gospel, hot jazz, treacly pop, and hillbilly and ethnic music before going bust during the Depression.
New York Times


TWITTER TO WAIT UNTIL AFTER IPO TO NAME WOMAN - LIKELY WITH INTERNATIONAL CRED - TO BOARD

According to sources close to the situation, Twitter is planning on waiting until after its IPO — which is set to take place next week — to name its first woman to its board.
All Things D


LIVE NATION, AEG BATTLING OVER MILEY TOUR

Rival concert promoters are taking the gloves off, going all out to win pieces of Miley Cyrus’ global tour.
New York Post


GIRLS ALLOWED? THE WOMEN ON TOP IN THE MUSIC INDUSTRY

After Sinead O'Connor's open letter of concern to Miley Cyrus, sexism in the music business has never been more discussed. But what do the women behind the scenes, from video directors to artist managers, think?
The Guardian


BEATCOIN IS A MUSIC JUKEBOX HACK POWERED BY BITCOIN MICROPAYMENTS

Why did music jukeboxes disappear? They were probably the first truly social experience around music, but then everybody stopped using them. Meet Beatcoin, a nifty hack that was presented onstage at the Disrupt Europe Hackathon. The team turned everyone’s phone into a jukebox. Every bar owner can start accepting Bitcoins to play the songs on his or her phone.
TechCrunch


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