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# AM News Brief: WMG Stock Jumps, YouTube Live DigiTour, Spotify Malware, Vibe, Music Allies & More
- URL: https://www.hypebot.com/am-news-brief-1-2/
- Published: 2011-03-30T06:00:00.000Z
- Updated: 2011-03-30T06:00:00.000Z
- Description: We publish a roundup of music business news each weekday morning, and when warranted add an update late in the afternoon. For breaking news also follow @hypebot on Twitter. WMG stock was up. Continue reading [https://www.hypebot.com/hypebot/2011/03/am-news-brief-1-2.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:59

[![Hypebot Favicon](http://hypebot.typepad.com/.a/6a00d83451b36c69e2014e870574af970d-50wi "Hypebot Favicon")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2014e870574af970d-pi?ref=hypebot.com)

We publish a roundup of music business news each weekday morning, and when warranted add an update late in the afternoon. *For breaking news also follow [@hypebot](http://www.twitter.com/hypebot?ref=hypebot.com) on [Twitter](http://www.twitter.com/hypebot?ref=hypebot.com).*

- **WMG stock was up 13.25%** to $6.58 at the close of trading Tuesday on rumors that **Bertelsmann** is eyeing both Warner Music and EMI publishing arms. The German media group has access to a €1bn+ war chest. ([Guardian](http://www.guardian.co.uk/media/2011/mar/29/bertelsmann-warner-music-emi?ref=hypebot.com))
- **YouTube** is the official sponsor of the **27 city [DigiTour](http://thedigitour.com/index.html?ref=hypebot.com)** which features viral acts like The Gregory Brothers (Auto-Tune the News and The Bed Intruder Song) and Mystery Guitar Man.
- As [we reported](https://www.hypebot.com/hypebot/2011/03/spotify-fights-online-attack-pulls-ads-off-site-.html) last Friday, **Spotify** pulled all its ads after becoming the latest high profile inadvertent **malware distributor**. ([TechCrunch](http://www.crunchgear.com/2011/03/30/spotify-becomes-latest-high-profile-inadvertent-malware-distributor/?ref=hypebot.com))
MORE NEWS

:

- **Vibe Magazine** launches its first **[international issue](http://www.earthtimes.org/articles/press/debuts-first-international-issue,1729771.html?ref=hypebot.com)**.
- **Spin** takes a different approach to their new magazine **iPad app**. ([NY Times](http://bits.blogs.nytimes.com/2011/03/29/spin-takes-a-different-approach-to-an-ipad-magazine/?ref=hypebot.com))
- Former **Sugar Hill Records exec Molly Nag**el has joins music marketing and strategy specialist **Music Allies** as General Manager.
- **Universal Republic** Record and **Twenty First Artists** [**Team U**p](http://www.billboard.biz/bbbiz/industry/record-labels/universal-republic-twenty-first-artists-1005098992.story?ref=hypebot.com) For Producer/Engineer Management Firm.
- In what is sure to be a **blow to some idie labels**, Teen retail chain **Hot Topic's ShockHound.com** website which sells music and merch is shutting down. ([Bloomberg](http://www.businessweek.com/ap/financialnews/D9M8G1000.htm?ref=hypebot.com))
- Patrice Wilson of **Ark Music**: 'Friday' is on his mind. ([LATimes](http://latimesblogs.latimes.com/music%5Fblog/2011/03/patrice-wilson-of-ark-music-friday-is-on-his-mind.html?ref=hypebot.com))
- Three reasons why **MySpace is doomed**. ([Yahoo](http://news.yahoo.com/s/digitaltrends/20110329/tc%5Fdigitaltrends/threereasonswhymyspaceisdoomed?ref=hypebot.com))