Live Nation Acquires Bonnaroo. May Large Indie Festivals Rest In Peace.

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Live Nation has acquired a controlling interest in Bonnaroo, which means the festival is no longer independent.

Until now, Bonnaroo has solely been run by founding partners Superfly and AC Entertainment. These founding partners will continue to run the festival’s day-to-day operations, they just have to answer to Live Nation now.<!–/*
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This follows Live Nation’s acquisition of a controlling interest in C3 Presents in late 2014. C3 is behind Austin City Limits, Lollapalooza, CounterPoint, and other festivals.

Michael Rapino, Live Nation CEO and President, says:

“We continue to expand the industry’s most unparalleled and scalable festival platform all while driving strong revenue and growth for Live Nation on a global basis. Bonnaroo is another crown jewel in this festival channel strategy, one that appeals to both fans and artists in uniqueness and experience.”

 

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u


Source: Industry News

Despite Pleas from Amanda Palmer, Morrissey Calls Crowdfunding ‘Desperate’ and ‘Insulting’

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Several months ago, Amanda Palmer penned an open letter to Morrissey, urging the singer to start a crowdfunding campaign and ditch the label system shackles forever.  Palmer outlined a plan that would give the label-less Morrissey $2.5 million in funding through $5 donations from 500,000 fans, more than double what Palmer earned on Kickstarter.

“They want songs. They want to hear, and feel. And this sounds simple, but it’s an important point: They want to help. Help me, and help you. Make music.”

<!–/*
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// ]]>So what’s wrong with freedom from labels, and direct donations from people that love you the most?  The answer is everything, according to Morrissey, whole barked this Spanish paper El País this week.

“It’s a desperate measure, and insulting to the audience,” Morrissey barked.  “They’ve already given us enough money.  What’s the next thing we’re going to ask them?  To brush our teeth?”

 

Image by Eduardo Zárate, licensed under Creative Commons Attribution 2.0 Generic (CC by 2.0).

 


Source: Industry News

Daniel Ek and Avicii’s Manager Are Starting Their Own Music Tech Conference

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Data from the IFPI says that 92 percent of digital music revenue in Sweden comes from subscription services. Only 5 percent of revenue comes from permanent digital downloads.

Avicii is one of Spotify’s biggest success stories, so it makes sense that Spotify and Avicii’s management would want to work together.<!–/*
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As part of the Symposium, a Brilliant Minds conference will be held on June 11th and 12th. This event will focus on tech and music and will feature “innovators, artists, musicians, politicians, CEOs”, and thought leaders. The event is invite only and costs $2,900. The application is here.

Symposium Stockholm will also feature an “AVICII Fest”. No joke.

 

Nina Ulloa covers breaking news, tech, and more: @nine_u


Source: Industry News

Executive Shuffles: Twitter, Facebook, Capitol Music Group, 7digital, LyricFind, Heavy Duty

Mark Foster

Mark Foster of 7digital’s board

Capitol Music Group has hired Mitra Darab as Senior Vice President of Marketing. Darab will be in charge of marketing and digital for artists like Sam Smith, The Dream, and Five Seconds of Summer. Darab was previously Vice President of Marketing at Warner Bros. Records.

Heavy Duty Music Publishing has hired Kate Urcioli as Executive Producer. Urcioli was previously Sr. Music Producer at McGarryBowen. Heavy Duty’s Executive Creative Director is Ariel Rechtshaid.

There’s been a change to 7digital’s board. Mark Foster, CEO of Arts Alliance Ltd., has joined the board. Prior to Arts Alliance, Foster was Managing Director of Deezer UK and Ireland.<!–/*
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// ]]>LyricFind has hired Robert Singerman as Vice President of International Publishing. Singerman has represented R.E.M, James Brown, The Gypsy Kings, and others.

Twitter has named Sunil Singhvi Director of Music. Singhvi announced the news on Twitter (of course), saying he will move to the US to start the new position in the fall. Singhvi is currently Head of Entertainment Partnerships at Twitter UK.

Facebook‘s Engineering Director, Lars Rasmussen, is leaving his position to co-found a music startup. Rasmussen says the new company is “a new and exciting way to compose and experience music“. The unnamed company’s other co-founder is Elomida Visviki.

 

Nina Ulloa covers breaking news, tech, and more: @nine_u


Source: Industry News