Music Industry News: Lime Wire Betrayed Users, Citigroup & EMI Trial, FM Chip War, BitTorrent & More

This morning, I posted a graphic that compared the incomes of indie and major label artists. The readers, as they should, quickly pointed out several flaws in the chart. Bruce and I saw a few inaccuracies. However, we would never be able to see as many as our smartest readers can. I would love to hear your take on the graphic here. I was not trying to step on anyone's toes with the wording. I was just leaving room for healthy debate in the comments.

• Citigroup banker tells EMI trial he was 'truthful and honest' (Guardian)
• Did Lime Wire betray users? (cnet) 
• Smartphone ready to wage war on radio over FM chips. (Ars)
• The End of an Era – BitTorrent Challenged by Netflix. (Slyck) 

More Music Industry News & Commentary:

• Gorillaz is back — this time with real-life musicians. (LATimes)
• Why we shouldn't mourn the death of the Sony Walkman. (Telegraph)
• Why Social Closeness Matters. (Wired) 
• New Music Math: How TuneCore artists count their earnings. (LATimes) 
• No Age Tell Us What Design, Punk, and DIY Mean In 2010. (NRP)
• HOW TO: Optimize Your Social Media Marketing Strategy. (Mashable)
• A Guide to Fall 2010′s Best (and Worst) Music Reads. (Flavorwire) 
• Emily White: Navigating The Stream. (Midem)