Red Bull Music Academy and Radio to shut down

Red Bull Music Academy and Red Bull Radio are to shut down after 21 years, on October 31, in a move to “phase out the existing structure” and decentralize its operations in the creative industry. RBMA, an unlikely patron of underground music since the academy’s launch in 1998, had long been held up as an apparently sustainable model for corporate partnership with artists. Acts including Flying Lotus, SOPHIE, Objekt, and Nina Kraviz benefitted to various degrees from a broad infrastructure that included international concerts and festivals as well as access to high-end equipment and studios. Red Bull will continue to operate a decentralized music arm, Red Bull Music. Pitchfork...