Sirius XM Rescued from Bankruptcy; People Starting to Realize Disney Vault Not Actually Full of Money
By Kasia Galaxy on Feb 18 2009

I really should have gone as The Economy for Halloween. It would have consisted of a white T-shirt, graph, and dramatic red arrow with a zig-zag negative slope. People would have laughed, then turned away to wipe a tear.
Sirius XM was hovering on the brink of bankruptcy (TMT News), until Liberty Media, parent company of DIRECTV and what us serfs (pictured) call "a media conglomerate," stepped in with the big guns.
How big? They struck a $530 million deal, according to Wired: $280 in loans for the first phase -- $250 of which was doled out Tuesday to help Sirius XM with its immediate monetary obligations.
Put on your eye muffs if you hate business talk: The loan also includes a hefty 15% interest rate, which Sirius XM has to pay off by 2012. And Liberty Media will lap up $100 million of Sirius XM's current loans.
With even more millions to repay on the horizon, the company relished in a bit of good news, too, with its shares doubling on Tuesday. But Phase Two will consist of another $150 million loan, the interest of which I considered calculating but gave up on after I lost... interest.
Sasquatch 2009 Will Destroy All Other Music Festivals with Its Gigantic, Hairy, Superior Lineup
By Heidi Vanderslice on Feb 18 2009
The moment I peeped this roster, my first thought was “SXSWho!?” The Sasquatch Music Festival, stomping into its eighth year in Seattle, WA, is taking the role of of kicking off the summer music scene very seriously with a beast (ha!) of a lineup. So, aduce me to introllow -- ahem -- allow me to introduce the complete musical lineup:
Jane's Addiction (feat. all four original members), Kings of Leon, Nine Inch Nails, Ben Harper & Relentless7, Yeah Yeah Yeahs, Erykah Badu, The Decemberists, Fleet Foxes, TV On The Radio, Animal Collective, Silversun Pickups, Bon Iver, Santigold, Of Montreal, Explosions In The Sky, Devotchka, Peter Bjorn & John, Gogol Bordello, M. Ward, The Avett Brothers, Doves, Calexico, Grizzly Bear, M83, Girl Talk, The Gaslight Anthem, The Walkmen, Chromeo (dj set), Deadmau5, Mugison, Sun Kil Moon, Airborne Toxic Event, Blitzen Trapper, Shearwater, BLK JKS, The Wrens, Tobacco, Monotonix, King Khan & The Shrines, St. Vincent, Passion Pit, John Vanderslice, Bishop Allen, Blind Pilot, AA Bondy, Black Moth Super Rainbow, The Knux, Ra Ra Riot, The Dodos, Beach House, Arthur & Yu, The Submarines, Owl City, Viva Voce, James Pants, Mt. St. Helens Vietnam Band, The Builders & The Butchers, The Dutchess & The Duke, Natalie Portman's Shaved Head, Dent May & His Magnificent Ukelele, Fences, School of Seven Bells, Death Vessel, Horse Feathers, Hockey, Point Juncture, WA, The Pica Beats, Loch Lomond, Vince Mira & more to come.
Oh, big fat hairy deal. How about some larfs, ladies and germs? Comedy acts include:
Zach Galifiankas, Demetri Martin, Tim & Eric Awesome Show Great Job, Todd Barry, Jon Benjamin, God's Pottery, People's Republic of Komedy & more.
Now, if we could somehow poach Bad Brains and P.O.S. from the Warped Tour, this fucker would be completely perfect. Someone get on that.
You can spend four sweaty, beer-soaked days in a tent for the festival's duration, March 23-25. Passes go on sale Saturday, February 28 here.
Another Victim of the Recession: Soul Haven Daptone Records Studio Broken Into, Tens of Thousands in Equipment Stolen
By Ze Pequeno on Feb 18 2009
You want to break a music engineer's morale? Buy an MBox or just use GarageBand. You want to kneecap said engineer, too? Steal their equipment. Daptone Records in Brooklyn, made famous by The Dap-Kings that gave Amy Winehouse some semblance of a soul in "Back to Black," got the latter Sunday night, as their studio was broken into and robbed. Gabriel Roth, head of the studio, broke the news through a letter that has been posted on various outlets. The total market value based on what was stolen or damaged is almost certainly within the tens of thousands.
The break-in occurred amidst reports of increased burglaries in the Bushwick neighborhood, where the studio was located. The timing of it was awful: Sharon Jones and The Dap-Kings just came out of an excellent two-night headliner over at the Nokia Theatre in Times Square on Valentine's Day weekend, and none other than Rod Stewart was expected to be tracking at the studio in the coming weeks. To make matters worse, the studio was in the process of being insured, but had not finalized the deal at the time of break-in, leaving them uninsured.
Listed below is the equipment that was definitively stolen, according to Roth. If anyone in the Bushwick neighborhood or in Brooklyn reading this sees ANY of the equipment listed below, or any high-quality microphones being hocked, please contact the local authorities. And to any engineer/producer who is living relatively comfortably still (and that's a stretch): Maybe someone can bail them out? Please?
Upon first glance we are definitely missing:Fender Super Guitar Amp in case
Fender Deluxe Guitar Amp
A whole bunch of headphones and wires
Nydia's HP laptop computer
One Desktop MacIntosh Computer
One Purple Audio API style lunchbox with four Purple Audio Biz mic pre-amps
2 Yamaha NS10 monitors
Vintage Harmony Rocket Guitar
One steel string acoustic guitar
Martin Tenor sax in a gig bag
Technics 1200 turntable
Ion USB turntable
Teac Receiver/stereo amp
Sony dual deck CD burner/player
All of our modem/phone system stuff was ripped out and taken.
A whole bunch of condensor and dynamic microphones (I still need to figure out exactly what's missing) The power supply for my Trident console was tossed and the board was moved (probably not gently) so the status of that is still questionable.
A baldwin organ was tossed and is probably broken.
Lacie External hard drive
M. Ward Holds Out on Us, Announces Additional Hold Time Tourdates, Holds Court on Letterman Tonight, Holds the Whole World in His Hands
By Nobodaddy on Feb 17 2009
Listen up, MTV! I have a new idea for a TV show. It’s called Everybody Loves Matt Ward. The concept? It’s simple. We take M. Ward, acclaimed singer-songwriter and highly esteemed producer, hook him up with some of the indie and mainstream well-to-do (oh, maybe Zooey Deschanel, Lucinda Williams, and ex-Grandaddy Jason Lytle, just off the top of my head), and have him record a new album on Merge Records called Hold Time. It’ll be... oh, I don’t know exactly... some sort of bluesy-country-folk and ’50s and ’60s AM radio-inspired affair or something. Something for the Starbucks crowd, get me? We’ll have top writers and producers working on the material, don’t worry. Okay, got the back story? Good.
Then, we proceed to film the drama, the comedy, the hope, the slapstick, and the raw humanity night after night, as Ward goes around playing a cruelly (hey, this is show business!) scant amount of tourdates. Then, once we pack-in these legions of rabid coffee-shop fans of his into shows that are too few and too small and hook them with Ward’s credentials and musical credibility, we take the series to another level by extending (that’s right, EXTENDING, baby!) that tour! And now, after an initial disappointment, many more fans will find that they have a chance to catch Ward as he performs tracks from his new this “critically acclaimed album” that we’ve cooked up for him, and BAM! The crowds pack on in, and we’ve got the most popular series on cable on our hands. Sold-out gigs, emotionally and caffeine-charged fans screaming for more. Just think of those ratings.
What do you think? Still need to think about it? Okay, fine, I see you’re playing hardball here. Tell you what: I’ll even call up CBS’s Late Show with David Letterman to get him a slot on there TONIGHT, so you can see this kid for yourself. That’s how serious I am! This thing has potential, MTV; Ward’s gonna be big! Hey, I was right about that Ashlee Simpson Show, wasn’t I?
Episode Air Dates:
02.18.09 - Boston, MA - Somerville Theater
02.19.09 - New York, NY - The Apollo Theatre
02.20.09 - Philadelphia, PA - Trocadero Theatre
02.24.09 - London, UK - Bush Hall
02.25.09 - London, UK - Borderline
02.26.09 - Paris, FR - Café de la Danse
02.27.09 - Amsterdam, NL - Paradiso
03.04.09 - Los Angeles, CA - Music Box at Fonda
03.05.09 - San Francisco, CA - Palace of Fine Arts
03.06.09 - Seattle, WA - Showbox At The Market
03.07.09 - Portland, OR - Aladdin Theater
03.08.09 - Portland, OR - Aladdin Theater
03.09.09 - Portland, OR - Aladdin Theater
04.17.09 - Indio, CA - Coachella
04.18.09 - Tucson, AZ - Rialto Theatre
04.19.09 - Tempe, AZ - Marquee Theatre
04.20.09 - Albuquerque, NM - Sunshine Theater
04.22.09 - Tulsa, OK - Cain’s Ballroom
04.23.09 - Omaha, NE - Slowdown
04.24.09 - Milwaukee, WIK - Pabst Theater
04.25.09 - Minneapolis, MN - First Avenue
04.26.09 - Chicago, IL - Vic Theatre
05.15.09 - Visalia, CA - Fox Theatre
05.16.09 - Oakland, CA - Fox Theater
05.17.09 - Davis, CA - Freeborn Hall
05.18.09 - Chico, CA - Senator Theatre
05.22.09 - Eugene, OR - McDonald Theatre
05.23.09 - George, WA - Sasquatch Music Festival
Thank God (or the Devil): A Proper Daniel Johnston Concert Film
By on Feb 17 2009
Music docs give you rad backstage footage, fights, bellyhoo, and loads of concert footage, but no music film was as devastatingly candid as 2005's The Devil & Daniel Johnston, which not only framed a warts-and-all portrait of "outsider" music's most intriguing figure - it also exposed his music and prose to the film world. Cultivating an ever-growing fan base after more than a quarter century output of honest, mind-bending twee folk and steadying his life for the better, Daniel emerges victorious over his storied demons, culminating with a new DVD that serves as the ying to the Devil's yang.
Despite Daniel's crippling stage fright and unusually short setlists, The Angel and Daniel Johnston presents an 81-minute, 21 song concert film shot at London's Union Chapel in the summer of 2007. Daniel invited friends James Yorkston, Adem, and early collaborator Brett Hartenbach to join him for a cross-catalog set list. The DVD itself is getting all the high tech treatment you'd expect from a professional gig, including Dolby 5.1 opportunities, bonus rehearsal footage, interviews, and Daniel's own artwork adorning the jacket and inside booklet, penned exclusively for the film.
I don't mean to come off as too much of a sales asshole in this story, but this film is a long time coming. There is nothing quite like the intimacy and ambiance of a Daniel Johnston performance, and although nothing will compare to seeing him live, his mark on music deserves proper documentation. The Devil exposed his troubled life, The Angel exalts his gorgeous music.