European Festivals Cancelled by Heatwave, iHeartMedia's $150M Cuts — Monday, June 29

Email us hereEurope's record heatwave dominated the weekend, forcing the cancellation of Defqon.1 in the Netherlands and Solidays in Paris — with the latter's HIV/AIDS charity warning its global programs are now at serious financial risk. Meanwhile, iHeartMedia pushed ahead with broad radio layoffs as part of a $150M cost-reduction plan, and Justin Bieber's post-Coachella momentum showed no signs of slowing. **Deals & M&A** • Gibson CEO Cesar Gueikian exits July 31; CCO Anne Rohosy steps in as interim president and CEO. **Streaming & Tech** • MMF and YouTube relaunch their Accelerator grant as "Hyperdrive," expanding support for independent music managers. **Live & Touring** • Defqon.1 cancelled after Netherlands issues first-ever Code Red heat warning; Q-dance offering full refunds. • Katy Perry's set at Belgium's Werchter Boutique also cancelled due to severe heatwave thunderstorms. **Artists & Releases** • Justin Bieber drops Swag Live From Coachella via Def Jam — 22 tracks, 147M YouTube views, 1,800% Spotify spike. **International** • Solidays cancellation by Paris authorities puts HIV/AIDS nonprofit Solidarité Sida's programs in 21 countries at risk. **Also Today** • iHeartMedia executes broad radio programming layoffs as part of a $150M combined cost-reduction plan. • Madonna calls AI "the complete opposite of making art" in new public commentary. • AFM elects Tino Gagliardi as international president in new union leadership shake-up. • Josie and the Pussycats singer Kay Hanley has earned under $1,500 in residuals, none since 2009, due to a clerical error. Five minutes, six categories, zero fluff.