‘New York Beat’ was shot over December 1980 and January 1981. It was initially funded by Fiorucci and Rizzoli, but the movie was abandoned in the mid-’80s due to financial problems. Producers O’Brien and Maripol resurrected the film after acquiring the rights in 1999 (over a decade after Basquiat’s death). It was released in 2000 as ‘Downtown ’81.’
Full text on Wikipedia
Here are some excerpts of the movie, documenting the rich NYC musical scene during the late 70’s / early 80’s:
The Plastics – Copy
Tuxedomoon – Desire
James White and the Blacks – Sax Maniac
Kid Creole & the Coconuts – Mr. Softee
Gray (JM Basquiat band) – So Far So Real
(Unfortunately I couldn’t find any other videos of a lot more artist featured in the movie: Teenage Jesus and the Jerks (Lydia Lunch), Liquid Liquid and Suicide, above all.
Here’s the complete soundtrack)
Further reading: No New York compilation.