In The Know: Weekly Music News Summary September 29, 2017

SoStereo’s weekly music and advertising news round up
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Kaskade Signs With Circle Talent Agency:

Kaskade is taking his booking services from William Morris Entertainment to Circle Talent Agency. Consistently one of the highest earners in dance music and one of the most in demand DJs in the world, this is big news for an artist of his stature to make a move like this. This is big business for CTA and should help them become a bigger player in the live music business.

Twitter Ups It Character Limit:

If you have been on Twitter the last few days, you have seen some people with some abnormally long tweets. Twitter announced this week that it is testing a longer character limit, doubling its traditional 140 amount to 280. Known for its short bursts of content, this could drastically change the way people and brands use the service.

Spotify Valued At 16 Billion:

The streaming leader has now been valued at $16 billion based on recent trades of its shares according to Business Insider. That puts its valuation $3 billion ahead of where it was just three months ago in June. Spotify is expected to IPO very soon and this is pushing up its valuation even further. It could reach $20 billion or more before that happens.

Two Suspects In Ghost Ship Fire Plead Not Guilty:

The deadly ghost ship fire that killed 36 people last December is going through the legal process now. Two of the defendants in the case, Derick Almena, 47, and Max Harris, 27, pled not guilty to 36 felony counts of involuntary manslaughter on Wednesday. They remain in custody on $750,000 bond and face up to 39 years in prison each if convicted.

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