Tuesday’s Music Brief: EMI & UMG Down, Pirate Bay, Spotify, Spinal Tap & More

HYPEBOT FEATURES:

• 
  Terra Firma Writes Off $1.7 Billion In EMI Investment
• Neil Young On The WMG YouTube Battle
• UMG Results Don't Suck As Bad As Rivals Did
• Bandcamp Exits Beta With Bit Of A Bang
• mSpot Opens Custom Ringtone Site With Four Majors
• EMI Names Gary Beech SVP Urban Marketing
• Slicethepie Expands Artist Fan Financing On Bebo
• DAILY DIY – Your 10,000 Hours

MORE INDUSTRY NEWS:

• 
  Pirate Bay trials winds down with a call for one year jail terms. (thelocal.se)
• A comeback for low power FM? (ars)
• Digital Music: Basically, No One Has Any Idea (Idolator)
• "21st Century Radio" Spotify hits 1 million users. (MediaWeek)
• Ministry Of Sound takes legal action over the abrupt shutdown of digital marketing and direct to consumer firm Trinity Street. (Billboard.biz)
• iTunes Offers To "Upgrade" The Already DRM-Free Songs You Bought From Amazon. (Consumerist)
• Eminem Court Battle: Should artists get 12% or 50% royalties from iTunes sales? (ars)
• The three stars of Spinal Tap are reuniting for a 30 city Unwigged & Unplugged Tour. 
• Why You'll Buy-Not Download-U2's "No Line On The Horizon" (Fast Company)