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Faith No More, Ibiza Not Opening, UK Concert Insurance, Vania Schlogel, NFT Genius $4m Raise

Faith No More Announce Brief Run of 2021 US Headlining Shows

Faith No More have added three extra dates to their fall tour in the United States. The band will perform at Chicago’s Riot Fest on September 18th and Slipknot’s Knotfest Iowa on September 25th. Faith No More will perform alongside System of a Down, Korn, Helmet, and Russian Circles in October in a pair of rescheduled Los Angeles performances due to the COVID-19 outbreak. Tickets for the freshly announced headliner performances go on sale Friday, June 18th.

Spain Gears Up For A Return To Live — Everywhere But In Ibiza

The possibility of a summer season in Ibiza, Spain’s party mecca for electronic dance music, is up in the air. Promoters and venue owners are scrambling to avert a second summer closure. Other clubs in Madrid and Barcelona are reopening, and some festivals are planned for July. Barcelona has been slower to reopen than Madrid. The majority of clubs are not likely to reopen before the end of June. Some big music festivals, including as Sonar and Primavera Sound, have postponed their activities until after the summer.

DCMS “CONSIDERING” INSURANCE AND PREPARING £300M FUNDING FOR LIVE EVENTS

The Department of Culture, Media, and Sport (DCMS) announced that the live events industry will receive an extra £300 million from the Cultural Recovery Fund in the near future. The government is still “exploring” an event cancellation indemnification program, according to the statement. The announcement came in response to the postponement of Step 4 of the conditional reopening roadmap from 21 June to 19 July, which has already resulted in festival cancellations.

We’ll talk more about this in the Music News Power Hour live on Clubhouse and on MusicIndustryCity.com at 12 p.m. Eastern.

In Musical Chairs…

EPIDEMIC SOUND CHAIRWOMAN VANIA SCHLOGEL JOINS HIPGNOSIS BOARD AS NON-EXEC DIRECTOR

The founder and Managing Partner of the media and entertainment-focused investment firm Atwater Capital has been appointed an independent Non-Executive Director of Hipgnosis Songs Fund. Schlogel is also Chairwoman of the Board at another of Atwater’s investments – German content production and distribution company LEONINE Studios. She was previously the Chief Investment Officer of Roc Nation, and later, Tidal.

And in music tech news…

NFT Genius raises $4m to build its music NFTs marketplace

It intends to develop a marketplace for NFTs in music, sports, games, and comedy. Investors include some major names, including IT veteran Mark Cuban, actor and tech investor Ashton Kutcher. For its marketplace, NFT Genius will also use Dapper Labs’ Flow blockchain. 

And finally, it’s Wednesday. That means Marina has chosen her song for the week, which will be announced in today’s email.

And that concludes today’s update. For article links, see the show notes, or go to MusicIndustryCity.com and listen to the Music News Power Hour live in Clubhouse or on the website at 12 p.m. Eastern.

We’ll see you tomorrow.

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