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Insomniac Events, parent company to the Electric Daisy Carnival, may be having its Coachella moment. The New York Times reports:

Last year, the growing popularity of electronic dance music, or E.D.M., brought out the dealmakers of the music industry like the scent of prey. A handful of big dance promoters were sold, and one media mogul, Robert F.X. Sillerman, announced plans to build a $1 billion E.D.M. empire. But the year ended without any big, market-defining deal.

That deal may be coming soon, however…




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