SFX Cancels One Tribe Festival Due to ‘Disappointing Ticket Sales’

With SFX’s stock recently downgraded and its top executives’ pay altered, the financially shaky EDM promoter has now announced it is canceling the One Tribe festival outside Los Angeles as a result of poor ticket sales.

SFX Stock Downgraded by Moody’s and S&P, Exec Pay Altered

The festival that was scheduled for Sept. 25 and 26 with performers KygoDamian Lazarus and Carl Craig. One Tribe was supposed to be the first California festival for the major dutch dance promoter ID&T, which SFX bought in 2013, and was advertised to include yoga, “spirituality,” “wellness” and “water activites” with the music.

“We had an ambitious plan to bring an innovative and unique experience built around the spirit of community, art and music to an amazing venue in Southern California,” managing director of SFX Live North America Jacob Smid told the New York Times in a statement. “Unfortunately, disappointing ticket sales put us in a position of choosing between compromising our vision and the overall experience at One Tribe, or canceling it.”

SFX Stock Downgraded, Falls 23 Percent Early Tuesday

Meanwhile, SFX’s other events are all on for the time being. These include the Electric Zoo festival in New York this weekend and TomorrowWorld later this month outside Atlanta.

Moët & Chandon Unveils New MCIII Champagne

The renowned champagne house has launched a completely new and futuristic-inspired vintage champagne named MCIII. The new beverage was born from blending three different wines, grown and aged in metal, wood and glass.

The Moët & Chandon house founded by Claude Moët in 1743 is used to creating surprise in the wine world. In 2010, the prestigious producer shocked purists by presenting an extra chilled nectar specially created to consume with ice cubes called “Moët Ice Imperial.” For traditional wine experts, the notion of pouring champagne over ice was considered heresy.

Microsoft Unveils Xbox One Elite Bundle With 1TB Hybrid Drive

Microsoft is taking aim at hardcore gamers with the introduction of the new Xbox One Elite bundle. Not only will it include the Xbox Elite Wireless Controller, but also a 1TB hybrid drive that stores files on a solid state partition for reduced load times, allowing players to “get to the action up to 20% faster from energy-saving mode.” Additionally, the company announced the Xbox One Special Edition Lunar White Wireless Controller, which includes all the features of a standard Xbox One controller, only with improved grip and a gold and white finish. The controller will be a Gamestop exclusive and will retail for $64.99 USD when it hits shelves in late September.

 

The Xbox One Elite Bundle is priced at at $499 USD and will begin shipping on November 3. Pre-orders are being taken now on the Microsoft Store.

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