AM News Brief: WMG Stock Jumps, YouTube Live DigiTour, Spotify Malware, Vibe, Music Allies & More
- WMG stock was up 13.25% to $6.58 at the close of trading Tuesday on rumors that Bertelsmann is eyeing both Warner Music and EMI publishing arms. The German media group has access to a €1bn+ war chest. (Guardian)
- YouTube is the official sponsor of the 27 city DigiTour which features viral acts like The Gregory Brothers (Auto-Tune the News and The Bed Intruder Song) and Mystery Guitar Man.
- As we reported last Friday, Spotify pulled all its ads after becoming the latest high profile inadvertent malware distributor. (TechCrunch)
- Vibe Magazine launches its first international issue.
- Spin takes a different approach to their new magazine iPad app. (NY Times)
- Former Sugar Hill Records exec Molly Nagel has joins music marketing and strategy specialist Music Allies as General Manager.
- Universal Republic Record and Twenty First Artists Team Up For Producer/Engineer Management Firm.
- In what is sure to be a blow to some idie labels, Teen retail chain Hot Topic's ShockHound.com website which sells music and merch is shutting down. (Bloomberg)
- Patrice Wilson of Ark Music: 'Friday' is on his mind. (LATimes)
- Three reasons why MySpace is doomed. (Yahoo)