• The Sunset Junction music festival, planned for this Saturday, was cancelled after the City of LA denied the festival a permit. Apparently, the festival owed the city $141,000 in fees (or $142,000 depending on where you look). Yikes.
     

  • AEG, the king of putting on concerts and events, is rolling out a brand new ticket distribution outlet called Axs. It’s starting out only selling tickets in the Denver area but has plans to go nationwide in the next two years. One of the pluses of Axs is that it will waive fees for those who opt to print tickets at home. Woohoo!
     

  • Steve Jobs stepped down as CEO of Apple. Tim Cook is now leading the company.
     

  • Brooklyn band Black Water Rising slapped a $30 million law suit against the New Jersey Devils. Allegedly the hockey team used a Black Water Rising song for a promotional video and refused to pay.
     

  • Brooklyn’s Glasslands Gallery was robbed earlier this month of thousands of dollars of equipment and is seeking community support. Silent Barn was similarly robbed not too long ago. Dear criminals: It’s not cool to rob volunteer-run D.I.Y. venues.
     

  • SXSW will add $167 million to the Austin economy this year. In the words of a wise man, “Pretty, pretty, pretty good.”
     

  • A revamped Myspace will take on Spotify and iTunes later this year as it sets its sights on online music streaming and downloading. Good luck with that, Myspace.
     

  • Amy Winehouse’s Back To Black is now the UK’s best selling album of the century!
     

  • Nathan Williams, frontman of Wavves, will score the new MTV series, I Just Want My Pants Back. Expect a gazillion indie blog posts about how Wavves has totally sold out, bro.
     

  • Ticketmaster and Facebook are teaming up so you can check in at shows with your friends. Didn’t something like that happen last week?
     
    Industry Wrap is a weekly CMJ column covering industry-related music news. Send tips to Kate Shapiro at kshapiro@cmj.com.