IB on Sean Parker

ENEMY TO ALLY: In the “everything that goes around comes around” department, Sean Parker, once the scourge of the record business as a principal in the original Napster, is now trumpeting to anyone who’ll listen that the long-depressed business is now on the verge of rekindling itself as it finally gets a handle on harnessing digital technology. The now-wealthy Parker, who’s reportedly involved with efforts to launch Spotify in the U.S., is apparently determined to create interest among Wall Street investors in music assets. On a related subject, is the majors’ unwillingness to make a deal with Spotify due to pressure from Apple? (6/3a)