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In The Know: SoStereo's Weekly Music News Summary July 20, 2018

SoStereo's weekly music news summary with AEG Live buying Firefly, Pioneer updating its mix app and more.
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AEG Live Buys Firefly Festival:

AEG Live has acquired Firefly Festival from its original producer Red Frog Entertainment, based out of Chicago. The two companies teamed up in 2014, which helped Firefly land Paul McCartney the next year, becoming its majority owner. Now AEG is the sole owner of the festival, giving it a portfolio that includes Coachella, Stagecoach and Panorama.

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Madison Square Garden Signs Lease For Futuristic Venue In Las Vegas:

Madison Square Garden has signed the lease for its spherical futuristic venue in Las Vegas. The deal between MSG and Las Vegas Sands Corp includes $ 75 million in funding from Sands Corp and a rent-free rev share deal according to Billboard. The building has until 2023 to be built, though the goal is to have it built by the end of 2020. MSG will lease the land for 50 years and share 25% of the revenue with Sands. The building is a massive sphere that will dominate the Las Vegas skyline. It can project what is going on inside the venue on the screens outside and will have some of the most advanced sound, lighting and visual displays inside any venue in the world.

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Pioneer DJ’s DJM-REC App Now Compatable With SoundCloud:

Pioneer’s DJ DJM-REC app, which allows you to record DJ mixes in high quality, now has the capability to upload to SoundCloud. DJs can also use the app to upload to Mixcloud and Dropbox, while live streaming to Instagram, Snapchat, YouTube, Facebook Live and Periscope. DJs can sign up for 30-day trial and then it is $10 to purchase.

Made In America Festival & Philly Mayor Locked In Battle Over Location:

Jay-Z’s Made In America appears to be in serious jeopardy. With just 6 weeks to go until the festival, the mayor’s office seemed to say that they were evicting the festival from its current location over cost and congestion. Jay-Z wrote an op-ed in the Philadelphia Inquirer slamming the office over this and there has been some back and forth about the issue in the press, though they seem committed to meeting in person. With only a month-and-a-half until the festival, these types of major issues that could derail a festival need to be resolved as soon as possible. 

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