In Case You Missed It: Reading Recap

EMI and owner Terra Firma are back in the headlines as the private equity investment firm reportedly prepares to write down its investment in the struggling music company by 90% after their latest bid to restructure debt was denied… But it wasn’t all gloom and doom for EMI this week as the the music group announced a first-of-its-kind deal with Hulu to distribute artist content on the popular online video destination… MySpace snapped up online streaming music service Imeem for a bargain basement price, a move some suspect was more about talent than technology… And Sony announced plans to launch an online store that will sell music, movies, books and mobile applications, sound familiar?