Every day MusicThinkTank’s sister blog Hypebot, covers 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.