Can you please modify your HTML and JS code as follows:
https://jsfiddle.net/rv7x38cw/2/
HTML:
<select id="music">
<option value='{"mbid":123,"artist":"Judas Priest"}'>Heavy Metal 1</option>
<option value='{"mbid":456,"artist":"Black Sabbath"}'>Heavy Metal 2</option>
<option value='{"mbid":789,"artist":"Iron Maiden"}'>Heavy Metal 3</option>
<option value='{"mbid":102,"artist":"Accept"}'>Heavy Metal 4</option>
</select>
JS:
$('#music').on('change', function() {
var str = this.value;
alert(str);
var val = $.parseJSON(str);
alert(val);
alert(val.mbid)
});
Here, the key changes are; you have to put value=' your JSON string ' in single quote and each JSON's key name has to be surrounded by double quote like "mbid"
You can also checkout in below live fiddle.
$('#music').on('change', function () {
var str = this.value;
alert(str);
var val = $.parseJSON(str);
alert(val);
alert(val.mbid)
});
<script src="https://ajax.googleapis.com/ajax/libs/jquery/1.9.1/jquery.min.js"></script>
<select id="music">
<option value='{"mbid":123,"artist":"Judas Priest"}'>Heavy Metal 1</option>
<option value='{"mbid":456,"artist":"Black Sabbath"}'>Heavy Metal 2</option>
<option value='{"mbid":789,"artist":"Iron Maiden"}'>Heavy Metal 3</option>
<option value='{"mbid":102,"artist":"Accept"}'>Heavy Metal 4</option>
</select>