- The big news of the week was the $3.3 billion purchase by Russian billionaire Len Blavatnik and his Access Industries of Warner Music Group. The deal should close in the third quarter and will result in the company going from publicly traded to private. or now, the management team a WMG is expected to remain the same. Blavatnik is also said to be interested in buying EMI and combining the two companies.
- Join the Hypebot readers who shared their thoughts on the sale of WMG.
- EMI pulled its digital rights from ASCAP in a radical plan to streamline licensing.
- A major Spotify update takes on iTunes.
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- Facebook relaunched its Music page.
- Amazon MP3 starts selling hit tracks for 69 cents.
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