New Music Business Briefing: WMG Adds TV, Viacom Sells Famous, SonyBMG Finance Film

>>> WMG is putting its video archives online in ad supported genre and artist channels or "digital hubs".

>>> Viacom is selling Famous Music publishing to Sony/ATV. (Reuters)

>>> Borders’ reported 2% better quarterly sales but the downturn in music continued. (press release)

>>> Ahead of the iTune’s launch other mobile music cell deals are emerging to compete. (DMN)

>>> Sony BMG is financing a new film about Chicago bluesmen Muddy Waters, Howlin’ Wolf and Little Walter called "Cadillac Records".

>>> We’re hearing from multiple sources that Amazon wants to launch its mp3 download store in late June.  Only technology glitches will delay the start.