Earlier this week we covered the story on how Beatport, the world's top EDM download and streaming site had froze its artist payouts while it's father company, SFX Entertainment, became a private company yet blamed the delay on "unrelated matters". This outraged artists and managers around the world. Today, SFX CEO Robert Sillerman sent out a statement in an email attempting to rectify both companies actions: "The way we handled this was inexcusable and should never have happened. The thousands of creators who have made Beatport what it is today deserved better, and I am deeply embarrassed, both personally and professionally, by what has happened," he said in an email. (Quote Source: MBW)
So, then why did it happen int he first place?
Spotify Top Executives to Leave Company
Taylor Swift isn't the only big name to leave Spotify. This week, Spotify bid adieu to it's Chief Content Officer Ken Parks. Parks is leaving Spotify to join forces with other top execs in the video market, launching a start up called "PlutoTV" which will be launching this November. More here.
BMG to pay £10M for " Walking on Sunshine"
BMG closed on a deal this week that has them walking on sunshine. The company acquired the rights to the song "Walking on Sunshine" for a whopping £10M. Several executives within the company explained the big purchase, saying it is one of the best and top most influential songs of our time.
“It is a song loved around the world, working across cultures and languages”, says BMG's Executive Vice President Patrick Joset.
Having a bad day? Have a listen....it'll cheer you up. It always does.
Lollapalooza Most Successful Year Yet
30,000 People. Three Unforgettable Headliners. Evacuations.
Three ways we'd sum up Lollapalooza last weekend. Over 10,000 people per day, three headlines we can't get out of our head: Paul McCartney, Florence + The Machine, and Metallica. Sam Smith, who's attendance was questionable after a battle all year with throat health issues, gave an amazing performance. Acts and performances like these make it a no wonder why this was Lolla's most successful, record breaking weekend yet. Even when Sunday's group was evacuated until 3 pm due to severe weather hitting, it just barely missed everyone and the attendees were allowed back in until 10 pm that night.
“You’ve got to deliver the right talent,” says Charles Attal, partner in Lolla producer C3 Presents. (Source: Billboard)