Wednesday’s Music 2.0 Briefing: Yahoo Cuts 1000, SonyBMG Up On Amazon & Much More

> Yahoo says profits fell 23% (and its stock followed). The company also confirmed that it will cut 1000 jobs. (San Jose Mercury News) Sources say the entire music division is in flux.

> You’ll find most of SonyBMG’s catalog up already on Amazon MP3 ahead of the Jan. 31st deadline.  Some just have full album downloads available and promising "Coming Soon" single tracks.

> EU court says ISP do not have to name file sharers. (Reuters UK)

> Universal and Sony team on digital licensing in Asia and India. (DMW)

> Co-head of ICM’s digital group Michael Kernan has stepped down to launch a company specializing in internet content. (Hollywood Reporter)

> Harve Pierre is named president of P. Diddy’s Bad Boy Records. (FMQB)

> More than a quarter of iPhones are unlocked and working on networks other than AT&T. (Reuters) THE TAKE AWAY MESSAGE: Control doesn’t work anymore. Stop trying.