> ## Content Index
> Fetch the complete content index at: https://www.hypebot.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# New Music Business Briefing: Sanctuary Still In Play, Yahoo Shifts Gears, EU Waits To Bite Apple & More
- URL: https://www.hypebot.com/new_music_busin_13/
- Published: 2007-06-19T01:37:00.000Z
- Updated: 2007-06-19T01:37:00.000Z
- Description: >>> It appears that our sources last week were right and the Sanctuary deal with Universal is not quite done. Reports have Hong Kong based Silk Road Investments advised by. Continue reading [https://www.hypebot.com/hypebot/2007/06/new_music_busin_13.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 11:06

[![Sanctuary](https://hypebot.typepad.com/hypebot/images/2007/06/18/sanctuary.jpg "Sanctuary")](http://hypebot.typepad.com/.shared/image.html?/photos/uncategorized/2007/06/18/sanctuary.jpg&ref=hypebot.com)

  
\>>> It appears that our sources [last week](http://hypebot.typepad.com/hypebot/2007/06/universal%5Fbuys%5F.html?ref=hypebot.com) were right and **the Sanctuary deal with Universal is not quite done.** Reports have Hong Kong based S**ilk Road Investments advised by banking firm Crosby preparing a better offer.** Crosby had recently also eyed EMI. **WMG is also considering a bid.** ([Telegraph](http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/16/cnsanct116.xml&ref=hypebot.com))

\>>> **Yahoo’s CEO has been replaced** by one of the company’s founders in a move that could mean an end to the era of Yahoo concentrating more on content than technology. (

CNN

) **What it means for the already also ran music divisions is unclear.**

\>>> Last.FM competitor **MyStrands has grabbed $25 million** in funding. ([Red Herring](http://www.redherring.com/Article.aspx?a=22640&hed=MyStrands+Gets+%2425M+§or=Capital&subsector=VentureCapital&ref=hypebot.com))

\>>> EMI is set to release **Ringo Starr’s**  
**work via digital.**([Reuters](http://www.reuters.com/article/entertainmentNews/idUSN1840317220070618?feedType=RSS&ref=hypebot.com))

[![Eu_flag](https://hypebot.typepad.com/hypebot/images/2007/06/18/eu_flag.jpg "Eu_flag")](http://hypebot.typepad.com/.shared/image.html?/photos/uncategorized/2007/06/18/eu%5Fflag.jpg&ref=hypebot.com)

\>>> **Wednesday is the deadline for Apple and the major label groups to respond to price EU fixing charges.** ([InfoWorld](http://news.yahoo.com/s/infoworld/20070618/tc%5Finfoworld/89428?ref=hypebot.com))

[![Fcc](https://hypebot.typepad.com/hypebot/images/2007/06/18/fcc.jpg "Fcc")](http://hypebot.typepad.com/.shared/image.html?/photos/uncategorized/2007/06/18/fcc.jpg&ref=hypebot.com)

\>>> Just prior to FCC hearings **72 House Reps join to oppose Sirius/XM merger.** ([FMQB](http://www.fmqb.com/article.asp?id=425385&ref=hypebot.com))

\>>> Danish download distributor **[KJER.com](http://www.kjer.com/?ref=hypebot.com)** has inked a deal with Iranian label Naqmeh Banafsh Andisheh Cultural Institute. This may be **first Iranian music company to go digital worldwide.**

\>>> R.I.P. – **[Punk Planet Magazine](http://www.punkplanet.com/pp%5Fblog/punk%5Fplanet%5Fmagazine%5Fr%5Fi%5Fp%5Fp?ref=hypebot.com) will stop publishing** with this issue