News Brief: UMG Exec Shuffle, Apple Store Bday, HMV Grsbs $, B&N Has Buyer, eMusic, Sony & More
The UMG Executive Shuffle – According to a compendium of rumors Sylvia Rhone will exit Universal Motown as early today (and may or may not return for a joint venture). Geffen Chairman Ron Fair has reportedly left to work at "American Idol" and Def Jam SVP of Finance Joe Borrino will join Jay-Z's Roc Nation. UMG Digital EVP and GM Amanda Marks will also reportedly shift to work with Rob Wells, the head of UMG's Global Digital Biz.
Apple's Stores turn 10 today. There are 323 stores in 11 countries and 1 billion visitors have come through the doors in the decade. Rumors continue of a big Apple Store related announcement today or tomorrow.
Emabattled musc retailer and live venue chain HMV is selling its' Waterstone 314 bookstores for $85.6 Billion to a Russian investor. (Guardian)
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Another struggling retailer who features music, Barnes & Noble, is considering an $1 billion offer from Liberty Media to buy 70%. (paidContent)
A look at eMusic: An Indie Music Retailer Embraces the Mainstream (NY Times)
Even as the Sony networks slowly came back online, a new security vulnerability on the page where users had to reset their passwords for Sony's PlayStation Network and Qriocity music service was caught and fixed. (Newsfactor)
TO ALL RECORD COLLECTORS: Check out this UK indie label flea market.
