Music Industry News: Ping + Facebook, Sony Music CEO, Music Tech Investment Warning, Nimbit & More

(UPDATED) Another week begins with the most interesting (or amusing) ready to start flowing from the Guy Hands/EMI vs. Citi trial which promises to be quite a circus. Before things get too crazy, I want to thank our sponsors: OurStage, Your Next Record with Keith Urban, We Are Listening, SF MusicTech Summit, New Noise Conference, SoundExchange, TourIntel, and PlayTheMusic. A couple of great new sponsors are coming aboard in the next few days. Maybe you want to join the fun?

• Apple's PING seems closer to making nice nice with Facebook. (LA Times)
• Sony Music is holding a management summit to pick the next CEO. (FMQB)
• Imeem founder warns entrepreneurs off music startups. (Wired UK) I'm sorry imeem failed and absurd major label licensing demand is the hitch, but there are plenty of other opportunities in the music tech space.

More Music Industry News & Commentary:

• Why can't labels agree on a music streaming service? Labels and ISPs have been trying to devise an alternative to Spotify for over a year, but the four majors continue to argue over the issue of unlimited downloads. (Guardian)
• Nimbit just added a nifty new tool for artists to get a Ping Profile direct from their Dashboard.
• Rhapsody has added a Blackberry streaming app.
• Live Nation Entertainment appoints John Malone, the head of Liberty Media, as Interim Chairman of the Board following Barry Diller's resignation.
• Golden age of Irish music: The big guns may be cribbing about illegal downloads and declining sales, writes Jim Carroll , but in fact this is a golden age of Irish music. (IrishTimes)
• How Buzz Is Created Around Products And What It Is. (WSJ) 
• New iPhone apps are changing how music is marketed and made: Metal drummer's BandApp is a 'mini record deal', while RjDj creates personalised soundscapes. (Guardian) 
• Are Music Startups Destined to Fail? (Mashable)
• We thought the internet was killing print. But it isn't: There is no clear correlation between a rise in internet traffic and a fall in newspaper circulation. (Guardian)
• Copying a Right: Ripping off someone else’s work isn’t always indefensible. (NP)