News Brief: EMI Sale Update, Orchard Finds Profit, Denis To Tag, Sony Downgrade, Kindle Price Drop & More

For breaking news also follow @hypebot on Twitter.

• Citi will sell EMI as a single unit, according to reports, rather than the option od dividing publishing and recording divisions as WMG has done.
• Digital distributor The Orchard says that it has reached profitability. Revenue for the now private company rose 14.7% in 2010 to $71.4 million according to a Billboard estimate.
• TAG Strategic has tapped Corey Denis as VP, Digital Marketing & Social Media.

MORE:

• Equities research analysts at Maxim Group downgraded shares of Sony Corporation to a “Hold” rating.
• Neilson research: YouTube Beats iTunes For Consumers’ Music Attention (paidContent)
• The Eminem royalties dispute, “rogue websites” legislation and copyright reform efforts will highlight NARM’s Spring 2011 Entertainment & Technology Law Conference series, which takes place May 12 during the annual NARM Convention in LA.  And don't forget the NARM Music Business Crash Course.
• Amazon has dropped the price of the Kindle to $114 for a new ad supported model.
• Google acquisition of PushLife could teach Android to sing. (ars)