NEWS BRIEF: Merlin Says Rara “Arrogant”, Best Buy Slides, Juke Expands, INgrooves Upgrades & More

"Absurdly arrogant and short sighted.." is how Merlin chief Charles Caldas described the launch of Rara, a music streaming service that debuted yesterday without most indie labels in 16 countries including the US and UK.   

• A new earnings report from Best Buy showed another quarter of falling revenue and profits. The  market responded pushing the stock down 16% on Tuesday.
• 24-7 Entertainment's Juke subscription music service has expanded from Germany to Austria.

MORE:

• INgrooves has launched major upgrades to the user interface, upload tools and reporting features of its ONE Digital music distribution and asset management platform.
• Help Create A Global Manifesto for the Independent Music Industry. (A2IM)
• Madonna signs with Interscope. (NY Post)
• CNet's Greg Sandoval makes online music predictions for 2012.
• RIAA Boss Tries To Defend SOPA & PIPA To The NY Times. (Techdirt)