The Jukebox model can generate high-diversity music within a single system, which is achieved by using a hierarchical VQ-VAE architecture to compress audio in a discrete space at different compression levels. Even though the results are impressive, the inference stage is tremendously slow. To address this issue, we propose a Fast Jukebox, which uses different knowledge distillation strategies to reduce the number of parameters of the prior model for compressed space. Since the Jukebox has shown highly diverse audio generation capabilities, we used a simple compilation of songs for experimental purposes. Evaluation results obtained using emotional valence show that the proposed approach achieved a tendency towards actively pleasant, thus reducing inference time for all VQ-VAE levels without compromising quality.