Wednesday’s Music 2.0 Briefing: RIAA Says “No Ripping”, MTV Walkout, Stereogum Worth $5M & Much More

UPDATED:

>>> The RIAA says ripping your CD’s to mp3’s is breaking the law. (ars) And the wonder why we don’t take them seriously?

>>> CASH (Coalition for Artists and Stake Holders) has been launched by artists Kristin Hersh (Throwing Muses) and Donita Sparks (L7) to offer a fan supported label model to indie bands. (DMW)

>>> Details of Monday’s walkout by freelancers at MTV. (NY Times)

>>> ReverbNation hit the 100,000 artists mark last week 13 months after launch.  RN’s site, widgets, and applications on Facebook combine for over 75,000,000 impressions per month. The site is planning more artist applications tailored for Facebook and Open Social.

>>> Indie music web site Stereogum‘s owners which include former AOL exec Bob Pittman, former MTV Digital head Jason Hirschhorn and founder Scott Lapatine have signed a deal to flip their equity stakes in the company into music site and community BuzzNet.com. The deal values Stereogum at an surprising $5 million. (NY Post)

>>> "Radiohead Makes Business Plans The New Punk Rock" (Wired’s Listening Post)

>>> Wyclef Jean and business mogul Howard Misle have formed a new joint venture to produce an array of music, TV, and film projects
      under the In Ya Face/Refugee/Carnival House umbrella. Misle and Jean will serve as Co-Chairmen
      of the new Silicon Valley based company.

>>> MOG, a network of thousands of music blogs has announced the launch of a full-site integration with Rhapsody that will provide the MOG community with full song playback and  a new search functionality.