Tuesday’s Music 2.0 Briefing: Universal Folds V2, Penguin Walks From eMusic, Westergren Testifies

>>> Apple reported fiscal 4th Q revenues climbed 28% over last yearto $6.22 billion including sales of 1.1 million iPhones. (Apple)

>>> Ad supported SpiralFrog has signed a deal with Sony/ATV Publishing for content. (Reuters)

>>> CD Baby has published an account of its messy relationship with SNOCAP. (CDBaby)

>>> Universal is placing its newly acquired V2 within the Mercury label group.  Staff cuts seem likely. (Billboard)

>>> Citing piracy concerns Penguin Books has pulled from the new eMusic audiobook offering. (NY Times)

>>> A UK music exec speculates on why its the British acts who seem to be doing a  lot of the boldest innovating when it comes to new release tactics. (Wired)

>>> New Music Tipsheet  has a list of releases for the rest of the year. (here)

>>> Tim Westergren, founder of Pandora, will testify this Wednesday before the Senate Committee on Commerce, Science and Transportation. The hearing, entitled, “The Future of Radio” also featuring other music and radio execs will focus on innovation and competition in the radio market including the effects of the recent Copyright Royalty Board rulings.

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