Wednesday Morning Business Notes, Links
After news got out that Warner Music Group's Edgar Bronfman has been targeting EMI investors, shares of EMI rose 7%. At the same time, Bloomberg data indicates the perceived risk of holding EMI's bonds rose 3%, which shows an decrease in perception of credit quality. (Read article at Bloomberg)
Network Live is gone and has parted with AOL, but its production team is going to start a new live music distribution deal with MSN called Control Room. (Read the details at paidContent)
The RIAA's Cary Sherman testified to Congress that universities "resist taking action, or do as little as possible in order to brush off further responsibility" when it comes to P2P on their networks. (Read post at Digital Music News)
A truce was called without as much as a press conference: Victory Records titles finally make an appearance at the iTunes Music Store. (Read post and comments at Punknews, via Idolator)
Def Jam attempts to squash rumors that the label dropped rapper Method Man due to less-than-stellar sales. "Method Man is still part of the Def Jam family and he is currently on tour promoting his new CD," said a spokesperson in a statement. (Read article at SOHH)
Rapper Beanie Sigel, on the other hand, says he is no longer signed to Def Jam or Roc-A-Fella Records. (Read article at SOHH)
Study: HD radio still confusing listeners. (Read article at Radio and Records)
[music jobs] Director of Content at Dada Entertainment; New York, NY.
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