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More Music Industry News: Moew EMI Woes, Groovesharl Bites Back, Facebook Adds Places, Coldplay to UMG, YouTube Charts & More

  • image from annaserafinska.com EMI's future may depend on investors stumping up cash. Loan covenants could be breached next March and they may also have to make good a pension deficit. (Guardian) And be sure to check out the 3 things Forrester analyst Mark Mulligan had to say to EMI and all the other majors. (Hypebot)
  • EMI and lender CitiGroup are eyeing settlement talks. (FMQB)
  • Grooveshark is crying foul over Apple ulling its iPhone app down based on a request from UMG:. “We completely, 100% adhere to the DMCA takedown procedures. If you send us notice, we’ll take stuff down within 24 hours. The funny thing about UMG, they have never once issued us a notice to take down their content."  Sorry Grooveshark, I love your service and UMG should cut a deal with you today, but sans a deal do you really belive its OK to stream their content?
  • image from static.arstechnica.com Facebook adds Places – geolocation, check-ins to iPhone and Web apps. (ars) Here's Mashables Guide To Facebook Places. And Techcrunch explains how Facebook partnered with Fouraquare and Gowalla on the service.
  • Coldplay leaves EMO and signs a big fat deal with Universal. (Sun)
  • You Tube adds chart to rank the web's top videos. (YouTube)
  • Futurist Gerd Leonhard on the future of music. (Music Network)
  • NME's 50 Top New Bands Of 2010. (NME)
  • Nokia’s Mirabella Named NARM Board Vice Chair (NARM)

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