• A report that indie label Palm Pictures laid off most of its remaining staff today. Only a few accountants and a few of the marketing staff remain. About 50 employees have been laid off over the last month. (Read post at DubMC)

• BitTorrent currently offers a short documentary by Death Cab For Cutie, and it will soon have content from Fall Out Boy. Legitimate content. The Cardigan's latest video is currently available as well. (Read article at MTV.com)

• MTV2 and Asylum Records will partner for a series of soundtracks based on the network's "My Block" series. The first album will be My Block - Chicago and will have tracks by Common, Lupe Fiasco and Shawna. It will be out October 10th. This is a solid move for Asylum, which is part of Warner Music Group's Independent Label Group (along with Cordless and East West). The re-launched label has been successful developing new hip hop artists within the WMG system. (Read article at Billboard.biz)