Bertelsmann AG might sell music assets
Hollywood Reporter - COLOGNE, Germany -- To prevent an unwanted initial public offering, German media giant Bertelsmann AG is considering selling off its music business assets, including its 50% stake in Sony BMG Music Entertainment and its 100% unit BMG Music Publishing

Zim restates revenues, buys U.S. ringtone company
Stockhouse Canada - Michael Cowpland's struggling Zim Corp. will re-state earnings for periods back to 2004, after adopting a new set of accounting rules for revenues from premium messaging transactions. At the same time, the company said it plans to acquire a U.S

A savvy smash: High School Musical
Salt Lake Tribune - "High School Musical," the tween sensation that began as a Disney Channel movie filmed in Utah, is becoming a merchandising monster thanks to savvy Disney marketers. What's expected to grow from the ratings blockbuster later this year: The DVD: Walt