New Music Business Week In Review

>>> WMG CEO Edgar Bronfman was questioned for 12 hours by the EU on possible insider trading when he was heading Universal

>>> An old school publishing deal with Michael Jackson has Sony BMG begging for relief.

>>> Universal threatened to pull content from iTunes, but so far seems to have settled for a month to month strategy that gives the major label group more flexibility to work with other download stores.

>>> iTunes inched towards variable pricing with its new "Next Big Thing" $5.99/$6.99 download program.

>>> All in one week notorious Russian download discounter AllOfMp3 was shut down and became Mp3Sparks and then morphed into an even more robust AllTunes.com.

>>> Napster informed investors that sales growth would be hurt by iPhone sales.  After critical comments in Hypebot, Napster responded with a clarification but still no real mp3 strategy.

>>> Victory Record’s Tony Brummel seems to have been stretching the truth when he announced that indie rockers Thursday has re-signed to Victory after leaving for a major label.