Hypebot publishes a morning roundup of music industry news every weekday morning prior to 11AM ET and when warranted will add a PM Update edition around 4:30PM ET.

• Rhapsody will extend the free trial for its music service to 60 days in March as part of a promotion across all MTV Networks media properties.
• SocialEyes, founded by ex-Rhapsody CEO Rob Glaser debuted today offering free video chat on Facebook. Since SocialEyes enables small group conversations, artists could, for example, offer online meet and greets.

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• Universal Music Group's revenues grew slightly but earnings took a 23% drop. (Guardian)
• The Guguchu.com direct-to-fan platform is adding d.i.y. ticket pre-sales on band pages. Fans get QR-codes, which can be scanned at the door off a printable ticket or their smart phone displays using an iPhone app.
• Rick Mueller head of Live Nation's West Coast  is headed to competitor AEG