New Music Business Briefing: Sanctuary Still In Play, Yahoo Shifts Gears, EU Waits To Bite Apple & More

>>> 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 banking firm Crosby preparing a better offer.  Crosby had recently also eyed EMI. WMG is also considering a bid. (Telegraph)

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 Yahoo’s CEO has been replaced by one of the company’s founders in a move that could mean an end to the era of Yahoo concentrating more on content than technology.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

>>> EMI is set to release Ringo Starr’s
work via digital.(Reuters)

>>> Wednesday is the deadline for Apple and the major label groups to respond to price EU fixing charges. (InfoWorld)

>>> Just prior to FCC hearings 72 House Reps join to oppose Sirius/XM merger. (FMQB)

>>> Danish download distributor KJER.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 will stop publishing with this issue