• Forrester's report titled "The End of the Music Industry as We Know It" (nice pun) says digital revenues to surpass those of CDs by 2012. Only "modest growth" is predicted for subscription services. (Press release)

• Live Nation has purchased 65% of Dubai-based Mirage Promotions. (Ticket News)

• Through a partnership with Babcock & Brown Structured Finance Fund, Spirit Music Group has acquired the publishing and masters rights to the post-1971 catalog of Marc Bolan (T.Rex) and plans an "aggressive marketing campaign." (Billboard.biz)

• Seattle-based KEXP is joining with Radio 91.5 FM in New York City to offer KEXP-produced programming via their Radio Liberation partnership. (Brooklyn Vegan)

• Yeah, MySpace's upcoming music portal will probably stream music...but offering a smattering of downloads would make sense. (CNET NewsBlog)

• The Orchard President & Chief Executive Greg Scholl will speak to institutional investors at the Roth Capital Partners' 20th Annual OC Growth Stock Conference, to be held from February 18-21. (Press release)

• From South Korea, a cautionary tale that explains why labels shouldn't just slash prices and jump in bed with every Tom, Dick and Harry: Labels underestimated the shift to digital away from CDs, and deals with telecom companies give them on average 25% of the download price. (DPA)

• The FCC has set comment dates for localism rulemaking. (Radio Ink)