Music (In The News)

• RealNetworks and MTV last week said they would spin off Rhapsody, their joint music venture.

• Netherlands-based crowdfunding service Sellaband declared bankruptcy this week, but promises to be back and be even better.

• Citigrop is about to foreclose on UK record giant EMI, owner of the Beatles recording catalog, among others. Anyone have $150 million lying around?

• Napster, sold in 2008 to Best Buy, recently did a management housecleaning as it tries again to find consumers willing to pay a monthly fee for music.

Posted via email from Music Business Information