The Latest: 615 Music, Warner/Chappell, Echo360, Wall Street, Mute, The Big Payback, Year-End Charts, Airplay Direct

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*Nashville-based production company 615 Music has now been purchased by WMG-owned Warner/Chappell Music.

*Echo360, a provider of audio and video services for universities, has now raised half of a $2 million notes offering.

*Music stocks mostly traded within modest ranges during the most recent week, though Warner Music Group (WMG) recovered more than 6% to $5.32.

*On the heels of an EMI divorce, freshly-independent Mute is consolidating its publishing, recording, and a new artist management unit under a tighter umbrella.

*Looking for a seriously-detailed story on the rise of Rap, Inc.?  The Big Payback: The History of the Business of Hip-Hop – at 638-pages – appears to be a nice, exhaustive solution.

*Clif Doyal has now been promoted to Executive VP at AirPlay Direct.