REWIND: The Music Industry's Week In Review

Every day MusicThinkTank’s sister blog Hypebot, covers the news of the music industry, music tech and the d.i.y. music movement.  Each Saturday we’ll share with you the week’s top stories.

• Limewire settled with the RIAA and labels for $105M, but it appears artists won’t see a dime.
• WMG Sale Update - A shareholder filed a lawsuit to block the sale to Access Industries.  At the same time Access is looking to add EMI to it’s portfolio.
• Major Label Losses: Universal Muisc’s revenue fell 5%, sales were down 2.7% and losses widened at WMG.
• As MySpace pageviews dropped another 50% within the last two months, founder and former CEO Chris DeWolfe pondered making a comeback.
• Read more of the week’s music industry news on Hypebot.com.