AM News Brief: Jobs To Testify In iTunes Antitrust, Citi Shops EMI, MOG Money Hunt, Roqbot & More

Hypebot Favicon Hypebot offers a morning roundup of music business news each weekday, and when warranted we add an update late in the afternoon. For breaking news also follow @hypebot on Twitter.

  • A federal magistrate judge ordered Apple CEO Steve Jobs to answer questions in a U.S. antitrust suit alleging that iTunes is a music-download monopoly. (Bloomberg)
  • Citigroup is out quietly shopping EMI.  The bankers are in talks with Universal Music Group, Sony, WMG, Ron Burkle's Yucaipa Co., private-equity firm Apollo and Len Blavatnik's Access Industries. Blavatnik holds a 2% stake in WMG. (NY Post)
  • Don't check you mailbox for big checks yet, but The U.S. Surpreme Court has refused to hear Universal's request for an appeal in the Eminem iTunes royalty dispute. (Hypebot)

MORE NEWS:

  • Digital music service MOG, which has already raised $15 million is out trying to put together another  funding round of $25 - 30 million. MOG is reportedly projecting an optimistic $14M in revenue next year though let's not forget that huge blog network and all their ad revenue coming in.  (MediaMemo)
  • Apple is suing Amazon, who is opening an Android app store, for trademark infringement and unfair competition over its use of the term "App Store." (ars)
  • Roqbot, who last week won the SXSW Accelerator music prize, is reinventing the jukebox as a social game. (Evolver.fm)
  • The Orchard named former ADA Digital exec Colleen Theis to be Managing Director for UK & Europe.
  • EMI has made a worldwide co-publishing deal with songwriter and producer Dave Bassett who is best known for his work with Sevendust and the upcoming Shinedown album.
  • R.I.P - Blues legend Pinetop Perkins.


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