• A report says Bertelsmann AG's CFO met with two private equity firms and explored the possibility of selling some of its divisions, one being its 50% stake in Sony BMG. (Forbes.com)

• Warner Music International inked a licensing deal with MP3 download store 7digital for sale to customers in UK, Ireland, Spain, France and Germany. 7digital is the first European download store to offer Warner tracks in MP3 format. (Reuters)

• The Weinstein Co. has optioned rights to "No Woman No Cry: My Life With Bob Marley," written by Rita Marley, and plans to release a biopic on the reggae great. (Variety)

• Merge Records has launched a download stores that sells MP3s for individual tracks and complete albums and FLAC for complete albums only. I'll continue to get Merge music at eMusic, a much cheaper option. (Merge Records Store)

• "Guitar Hero" is available for AT&T mobile subscribers. (MocoNews)

• Qtrax's death watch status improves a few notches: EMI Music Publishing has renewed its deal with the ad-supported P2P service. I guess that clears the way for all those bluegrass and symphonic tributes to Ozzy Osbourne. In addition, Sony/ATV announced it has signed a licensing agreement with Qtrax. (EMI Press release, via Silicon Alley Insider and Sony/ATV Press release)

• A profile on Power Amp, a new investment fund that puts money into musicians. (BBC News)

• The William Morris Agency and AT&T are part of a venture capital fund with the goals of "discovering, funding and building small, high-impact companies focused on innovation in the consumer media technology arena." (Press release)