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Facebook is worth $6.5 billion, estimated by a deal the social networking site made with a Russian Web firm called Digital Sky Technologies. The New York Post reports that Facebook is letting its employees sell their stock to the company which invested $200 million in it in May. Digital Sky will purchase up to $100 million in common stock at a price of $14.77 a share, which places Facebook’s value at $6.5 billion.

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Rhino Entertainment, a division of WMG, debuted “Digital 45s” today through online retailers. For $1.49 or $1.99, the buyer gets a reissue of two songs—the original single, and the B-side track, as well as digital versions of the original artwork. Among the available tracks are “Take I Easy”/”Get You In The Mood” by The Eagles and “Kiss”/”Love or Money” by Prince. The label says this is a way to sell music at a value point that lies between the single and the EP. It also celebrates the 60th anniversary of the 45-single.

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Even though Michael Jackson‘s This Is It tour isn’t happening, his handlers are still cashing in by selling the merchandise, online and at retail. The major run was scheduled to begin yesterday (7/13) in London.

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About the Author

Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.

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