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IN THE KNOW: WEEKLY MUSIC NEWS SUMMARY JANUARY 12, 2018 - Magnetic Magazine

IN THE KNOW: WEEKLY MUSIC NEWS SUMMARY JANUARY 12, 2018

Dropbox IPO, Facebook Makes Deals For Music Rights, Hakkasan Heads To Mexico and Funktion One finally hits NAMM
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H/T (linkedin.com) Dropbox has privately filed for an IPO, Bloomberg reports. The file-sharing company, last valued at $10 billion, will join a growing group of big tech firms hoping to list during the first half of the year. Dropbox could be the first major tech company to follow Snap, which has had a less-than-stellar performance since going public. “Unlike money-losing Snap, Dropbox will come to the table with annualized sales of more than $1 billion,” notes Bloomberg. • Share your thoughts: #DropboxIPO

H/T (Billboard) Facebook Sets Deals With Global Music Rights, Kobalt and SESAC's Rumblefish: Facebook announced a flurry of major partnerships with music industry organizations on Thursday in a step towards reshaping itself as a valuable ecosystem for music rights holders. Among the new orgs pairing with the world's largest social network are Global Music Rights (GMR), SESAC's HFA/Rumblefish and Kobalt Music Publishing. The new deals follow close on the heels of agreements with Universal Music Group and Sony/ATV.

Hakkasan Heads To Mexico: Grupo Vidanta, Mexico’s leading resort operator and developer of real estate and tourism, along with Hakkasan Group, one of the world’s leading hospitality companies, will celebrate the launch of the new entertainment district at Vidanta Los Cabos with a Grand Opening Weekend Friday, February 23rd to Sunday, February 25th, 2018. Featuring some of the world’s most in-demand talent including Grammy Award-winning and multi-platinum selling artist Calvin Harris, Steve Aoki and ZEDD, this event promises to be one of the most celebrated, high-profile openings of 2018. This event ushers in a new level of world-class entertainment and dining unmatched in the region.

Most of the event will be exclusive and by invitation only. Nonetheless, for those wanting to join the party, a limited number of tickets will be available for OMNIA Dayclub during the Grand Opening Weekend. Tickets, which will be sure to sell out quickly, will go on sale Monday, January 15 and will be available by visiting omnialoscabos.com. Guests will also have the opportunity to sign up to be among the first to hear the latest news from this new hot spot which will feature a roster of top-tier talent throughout the year.

Grand Opening Weekend Line-up:

Friday, February 23
Steve Aoki (nighttime performance)

Saturday, February 24
ZEDD (daytime performance)

Saturday, February 24
Calvin Harris (nighttime performance)

Funktion-One Trade show image

Funktion-One set to mark NAMM debut with new bass launch - Funktion-One will exhibit at NAMM for the first time and will use its 800 square feet stand - at North Hall Stand 1180 - to present loudspeakers from the breadth of its extensive product range, including US tradeshow debuts for Evolution and Vero, as well as the exclusive worldwide launch of the F124 bass enclosure.

The decision to become an exhibitor at The NAMM Show 2018 was based on a number of factors, explains Technical Sales Director, David Bruml: “The US market is more aware than ever of Funktion-One, thanks to the work of our US distributor, Sound Investment, and the arrival of Vero, which has been used on some really big events. We feel it’s the right time to pay additional attention to developing the US market.

“We have chosen NAMM for that because we believe it’s the right show, with the right people on the show floor – thanks in no small part to the organiser’s increased focus on pro audio. We’ve considered exhibiting at NAMM for a number of years and are now convinced that our investment in time, stand costs, and travel are worthwhile. We’re confident that our involvement in the 2018 show will be positive and productive, which is why we’ve committed to a large stand. We’re really looking forward to it.”

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