- Over the weekend, The Telegraph reported that private equity firm KKR is in talks with Warner Music Group to break up EMI. KKR, which last year created a music publishing joint venture with Bertelsmann, is said to desire EMI’s music publishing division. Warner would take EMI’s recorded music division. While KKR has filed for a New York stock market listing, the discussions are in early stages and an offer would probably take many months. From the Telegraph: “Sources say there has yet to be any contact with EMI and that a bid is unlikely to happen until the company has resolved its stand-off with Citi…To give it another 12 months of breathing space, Terra Firma needs to win the backing of 150 out of 200 investors, who have already seen their initial £1.8 billion EMI investment all but wiped out. However, Maltby is also expected to recommend how much debt EMI can feasibly carry. If Terra Firma and Citi agree, that will pave the way for a debt-for-equity swap that is likely to hand control of EMI to Citi, which will auction off the business.” (The Telegraph)

-- Rhapsody’s iPhone app will save songs for offline listening for as long as the user is a Rhapsody subscriber. A YouTube video gives a demonstration. The new version of the app is not yet available. A version of the Android app should be available in a few weeks. (Rhapsody at Facebook)

-- According to Nielsen, the U.S. Internet audience consumed 16% more online videos in February 2010 than in the same period in 2009. The number of unique viewers rose 11%. Both figures were down slightly from January, however. YouTube continued its reign as the top video brand with 5.9 billion streams by 109 million unique viewers. Hulu was second in viewing with 648 million views from 14 million unique viewers. (NielsenWire)

-- Inside a tax package designed for Michigan’s movie industry is an offering of tax credits of up to 42% for the production of music CDs and music videos. To qualify, $50,000 must be spent in the state and the recording must be in a digital format. Interested parties must apply for the credit in advance. The tax credit has been available since April 2008 yet nobody has taken advantage of it. (Free Press)

- EMI Music has selected online video service Brightcove as it's publishing and syndication provider for North America. With the deal, Brightcove now counts all four major labels as clients.

- Sonos, the wireless multi-room music streaming system, raised $25 million in new venture funding from Index Ventures. The deal adds Index's Mike Volpi to the company's board of directors. It plans to use the funds to expand operations to China and Japan. This brings its total funding to $65 million.

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