Monday Music Industry Miscellany

>>> The iPhone is getting raves and the stock is soaring but the government is not happy with the way Apple handeled its’ stock options and has launched an investigation. (MarketWatch)

>>> There were more cuts at record labels –

• EMI issued an earnings warning, ousted two top execs, and said there would be major layoffs as part of a restructuring. Some believe EMI is being positioned for sale.
• 
  Investment firm Sheridan Square gutted their V2 North America label sending 3 staffers to the streets and making The White Stripes, Moby and others free agents.

>>> Jane’s Addiction and Lolopalooza originator Perry Farrell has unvieled
his ambitious concept CD and band Satelitte Party Project aiming no lower than saving the planet.

>>>> INgrooves provided Hypebot with details on its new affordable digital distribution and royalty administration platform ONE Digital.