Hypebot’s New Music Business Briefing For Wednesday December 20th, 2006

>>> In a synergistic match-up new music social networking site iLike grabs $13.5 million from Ticketmaster who will sell tickets to the site’s devotees. (VentureBeat)

>>> Sony BMG to pay $1.5 million to settle DRM rootkit lawsuits brought in California and Texas.

>>> The Grateful Dead and others sue online classic concert streaming and  memorabilia site Wolfgang’s Vault. (Variety)

>>> Shanghai
Push Sound Music & Entertainment Co. Ltd. won a landmark case against mainland China P2P operator Kuro. (Interfax)

>>> RIAA drops controversial case against Patti Santangelo but continues to sue children (Recording Industry vs. The People)

>>> MTV launches a new unit focused on mobile. (Digital Music News)