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Insomniac Events Eyeing 50/50 Deal With Live Nation, or Vice Versa

Electric Daisy Carnival (EDC) -- North America's largest dance music event held annually in Las Vegas drawing some 300,000 ravers to the lit-up oasis -- might have a new partner soon.

Insomniac Events, who throws EDC and its current five-city spin-offs in New York, Chicago, London, Puerto Rico and Orlando, is rumored to be selling a 50% stake of its company to the Live Nation empire. The Wall Street Journal reports that the cut for half ownership of the Los Angeles based events company is in the $50 million ballpark.

The purchase would give Live Nation, America's largest concert promoter, a bigger stake in the EDM market. In 2012, Live Nation bought out fellow LA-based dance music promoter HARD Events and the similar U.K. brand Cream, which is a major player in the Ibiza club scene and worldwide Creamfields festivals.

The EDC/Live Nation deal would be another Cinderella story in the dance music world. Insomniac Events was founded by Pasquale Rotella, whose first event was a warehouse party in South Central that only drew 300 people. Today, EDC Las Vegas is Insomniac's flagship event and in it's 17th year. It announced last week that it sold out of its entire ticket allotment for 2013.

"The most important key to my career has been simply staying alive -- keeping Insomniac afloat through all of the different challenges," Rotella confided in VIBE last July. "The dance music culture has been so scrutinized and beaten up, and we’ve been at the forefront, holding the torch and defending it as good."

Indeed, Rotella has faced hardships. The EDC events have been scrutinized for their prior mismanagement of security, that some allege is to blame for the 14 drug-related deaths since 2006 at Insomniac events. Rotella is dealing with bribery and other charges too, though he's pled not guilty. Additionally, new regulations in Las Vegas are putting the 2014 EDC in jeopardy.

"I am most grateful for being able to survive and continue doing what I love through the ups and downs," Rotella told VIBE.

EDC considers themselves "no longer simply a music festival" but a "one of a kind entertainment experience combining the worlds top DJs, leading-edge production and art."

"I want to build out my own festival venue that is perfectly tailored to our unique needs as a music and arts festival producer," Rotella told VIBE of his future aspirations. "Our team is developing some new event brands. Plus, I hope to expand into new markets, including Brazil – which we’ve been talking about for a while. We’re getting close."

So, while the structure of ownership looks to change, it's clear that the music will still rage on.

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Dr. King's Childhood Home Sold For $1.9 Million To The National Park Service

The two-story Atlanta home that Dr. Martin Luther King Jr spent his formidable years has been sold. According to the Atlanta-Journal Constitution, the yellow and brown house on Auburn Avenue in Atlanta was sold for $1.9 million to the National Park Service.

Will Shafroth, CEO of the National Park Foundation said it was hard to place a dollar amount on the location where a lot of Dr. King's character was molded.

"It is difficult to value something this significant in our nation’s history. It is a priceless asset. It is one of the most important places to tell the story of America,” Shafroth said.

Bernice King, daughter of late the civil rights leader, said the King Center for Nonviolent Social Change had been considering selling the home since the passing of their mother Coretta Scott, in 2006. King said the center will focus on nonviolent educational and training programs.

“We are working on creating more robust, nonviolence training,” King said. “Our society is desperately in need of Dr. King’s nonviolent teachings right now in order to create a just, humane and peaceful world. That is what we are trying to put our energy in.”

The home was reportedly built by a white firefighter in 1895 and then purchased by Dr. King's maternal grandfather, Rev. Adam Daniel Williams, who was pastor at Ebenezer Baptist Church for $3,500. When King's mother and father wed in 1927, they moved. All of King's siblings including himself were born in the home.

Elizabeth Paradis Stern, spokeswoman for the National Park Service said the preservation of the home will not falter now that it's out of the family's possession.

“The most important thing about this is that this property will be protected and preserved permanently as one of our most important properties,” Stern said. “It is part of the American fabric.”

READ MORE: New Book Details Dr. King's Teenage Years And His Alleged White Girlfriend

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Donnie McClurkin Sent To Hospital Following Car Accident

Gospel legend Donnie McClurkin couldn't be more grateful after surviving a car accident this past Wednesday (Dec. 12).

The "We Fall Down" singer was driving on the road in the earlier part of the day when he passed out and began weaving into traffic. He reportedly struck the middle concrete island.

Following the incident, he posted a selfie of him on the hospital bed in scrubs on Facebook. Along with the photo, he explained that he woke up from the accident with stitches on his left thumb, on top of having a sprained wrist, and hurt knee. His car was also completely totaled.

"I AM ALIVE!!!! Somewhat mangled, stitches on left thumb, sprained wrist, hurt knee, but I’m still here! God and two angels saved my life!," the Grammy-winning artist wrote.

He also mentioned that two "angels" pulled him out the car to safety and medical attention. "I owe them...I am still here by the grace of God! Thank you, Lord...thank you!" he added.

On Friday (Dec. 14), McClurkin posted to his Facebook page again, sharing several photos of his destroyed car. "This is the totaled car that two angels rescued me from ....after passing out while driving I don’t remember most of what happened a day and a half ago...but God," he wrote. "I overrode doctors and sisters advice and flew to KENYA today for ministry Saturday @ TWO RIVERS. and home on this Sunday to celebrate life."

In happier news, McClurkin also took time to plug in his new Christmas single titled "My Favorite Things." Check out McClurkin's posts on social media and stream his new song below.

READ MORE: Big K.R.I.T. Drops Surprise Gospel-Influenced 'Thrice X' EP

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Nicki Minaj's Boyfriend Kenneth Petty Received 18 Violations During Prison Stint

Nicki Minaj's new boyfriend, Kenneth Petty has a very troubled past.

On Friday (Dec. 14), TMZ revealed court documents disclosing Petty's history of disciplinary actions while he was an inmate in New York for manslaughter from 2006 to 2013.

When he entered the correctional facility, he was reportedly written up for creating a disturbance. Later during his stint, he was hit with a slew of disciplinary actions following a series of violent actions that included fighting, making terroristic threats, and "disobeying a direct order."

In 2009, prison faculty placed him in solitary confinement for four months as part of being reprimanded for nine different violations. Petty lost privileges that included the usage of the inmate telephone service, recreational activity, and the prison canteen.

In addition to his prison violations, Petty is a convicted sex offender. At the age of 16, he was tried as an adult served a four-year sentence for attempted rape of a minor.

Petty, who hails from the same borough as Nicki, Queens, knew the platinum-selling rap star since she was a teenager. They dated for a short period years prior to reuniting.

Minaj posted various photos of her and Petty going on a vacation getaway earlier this month. Sources close to Minaj told the celebrity gossip website that the 36-year-old hip-hop artist is  "happier than she's been in years" with Petty.

 

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READ MORE: Nicki Minaj Plans To Sue 'Daily Mail' TV Host Jesse Palmer

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