Fast Forward (Music, Music, Music)

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More on Soundcloud: apparently the company only has runway through Q4 - though Chance the Rapper appears to havean opposing view. Did he put money in the company? May we now comfortably call him a distressed investor? WEST. COAST. Meanwhile, the fine folks at Reuters this week reported what many have known for a long time: Guitar Center Inc. is collapsing under the weight of its debt and may need to restructure its balance sheet. The Ares Management LP owned company has $1.3b of debt and consumers are increasingly purchasing their musical instruments on line. Tellingly, Fender Music released it's online music instruction platform this week in an effort to prevent aspiring guitar players from giving up so easily (and not spending money later on).

Short Music Festivals

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Mere weeks after the Fyre Festival debacle, the Pemberton Music Festival has been cancelled and the organizer has filed for bankruptcy. Chance the Rapper and Muse were among the headliners. Simply seems to us that the music festival space is getting wildly over-saturated and duplicative. Does iHeartMedia have a concert business? Of course it does.