• Entertainment One Income Fund sold its investments -- which include Koch Entertainment Distribution -- to Marwyn Investment Management for approximately US $161 million. (Video Business)

• More Koch: The company announced the formation of Koch Records Jazz/Adult Division. Chuck Mitchell, former head of Verve Records, will head the new operation. (Jazz News)

• Warner Music Group announced a partnership with Norway-based mobile operator Telenor that originally covers nine of Telenor's mobile operators. (Press release)

• Nic Feldes has a good recap of EMI's current situation. (The Independent)

• Read the text of Edgar Bronfman's keynote at the 3GSM Conference in Barcelona. Here's a sample of the frank commentary: "Actually, it’s amazing that we’ve generated as much revenue as we have through mobile music, given how cumbersome the consumer experience can be." (Download PDF)

• Actor Heath Ledger has partnered with musician Ben Harper to start the new Masses Music Co record label. First singing: Australian Grace Woodruffe. (StarPulse)