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Friday's Music 2.0 Briefing: EMI Selling Stake, Facebook Dims Beacon, Vinyl Takes A Hit & Much More

Emi >>> Terra Firma appears close to selling a 15% stake in EMI in a $500 million round of equity fundraising. (Times UK) The deal is based on deep cost cutting and very optimistic cost predictions.

>>> Advertisers spent $1 billion on "word of mouth" marketing. (ars)

Facebook >>> Facebook's Beacon service which tracks off-Facebook web surfing will become opt-in after privacy concerns surfaced. (AllFacebook)

>>> Europe's TechDigest shares a rather comprehensive 30 Trends In Digital Music.

>>> Dance music DJ mecca Dancetracks is closing its NYC store. Its the latest in a string of vinyl based store closings in both the US and UK.

Mouse >>> CashMusic is combining the Radiohead "pay what you want model " with other D.I.Y. sales models in a very promising single service currently in beta and backed by some respected indie musicians. (Netribution)