AM Biz News: Too Much Free Music Online, MP3 Format of Choice, Big Media Historical Blip & More

We post a roundup of music business news mid-morning (ET) each weekday and when warranted add a PM update late in the afternoon. For breaking news follow @hypebot on Twitter.

• For Better Or Worse, MP3s Are The Format Of Choice. (NPR)
• 8-Track Piracy Is Killing The Music Business…. In 1976. (TechDirt)
• PledgeMusic partners with David Lynch Foundation. (MusicWeek) 
• Could music service Topspin fix the artist-fan relationship? (Wired)
• Game over Guitar Hero: Rocksmith is the real guitar video game. (Yahoo)

MORE:

• No More Free Online Digital Music? Analyst Mark Little says, "There is too much free music available in the digital economy and not just the illegal kind." (ibtimes)
• Why 'Big Media' Was Just a Historical Blip. (Techi)
• Three Top Songs Censored: From Cee Lo Green to Pink, Speaking the Unspeakable. (NYT)