AM News: MySpace Deal Details, WMG Sale, Virgin + Spotify, Facebook Event, Sony Hack, SongPier, More

Specific Media’s MySpace Deal: The goal is transforming their ad network into a media company. (paidContent)  To believe this will work is to believe that MySpace is – or can become – a media company.

• WMG stockholders officially approved its sale.
• As expected, Virgin Media partnered with Spotify to offer music streaming  online, on mobiles and on TV. (Marketing Week UK)
• Facebook is announcing "something awesome" today. Rumors suggest Skype-powered video chat. We'll tweet (follow @hypebot) and post details.

MORE:

• There Will Be No More Private Google Profiles After July 31 (SAI)
• Sony suspects pranksters hit Irish website (Reuters)
• Reuters news service has dropped Billboard and the Hollywood Reporter as its primary source of music and entertainment news in favor of The Wrap.
• The Orchard, SongPier Ink Deal to Turn Songs into Apps (Evolver.fm)
• Verizon is dropping unlimited data plans this week. (NY Times) While I've seen stats to the contrary, this can't be good news for mobile music and video streaming.
• Twitter Seeks $7 Billion Valuation (WSJ) That's double what it was 6 months ago…
• Digital sheet music service ZMX Music adds Josh Kelley, Tegan and Sara, and Julian Drive to roster.
• Marc Mannino has been appointed Director of Music Synchronization for Imagem Creative Services USA.
• Dear Musicians: Once Again, Politicians Can Probably Play Your Songs At Events Without Your Permission (Techdirt)