New Music Business Briefing: WMG Stock Jumps 21%, ROK Revealed, Universal Invests In Hip Hop & Much More

>>> There must be dancing in the halls at WMG. The stocked regained 21% of its value yesterday closing at $12.00 after a report in the NY Post that the company’s three major investors may want to take the company private again. Track the stock here. (click on image to enlarge)

>>> ROK the UK based mobile entertainment company has revealed a 3 part plan to turn your cell and PC into an iPod killer. (Billboard)

>>> Sonific has just launched playlist tools. Now their users can use any of 200.000 tracks to create fully interactive, full-length track playlists of up to 25 songs. (more)

>>> New social networking site MyLifeBrand.com has partnered with Delicious Vinyl to create artist centered communities. (press release)

>>> Universal is investing in online Hip Hop community Loud.com. (PaidContent) Diversification by the majors continues…

>>> A quarterly roundup of financial from the major radio groups via FMQB.

>>> Viacom pays 20 people $100,000 a month to manually watch YouTube videos as part of its lawsuit. (Jupiter)

>>> A new study predicts that internet ad spending will exceed all other forms of advertising by  2011. (Online Media)