Grooveshark Launches Beluga - Free Tool For Collecting Fan & Musician Insights
UPDATED: Amanda Palmer Blows Past $1 Million On Kickstarter

NEWS BRIEF: Facebook Fallout, WMG Exec Shifts?, Twitter + Pepsi = Music, Megaupload & More

FavVHRZFacebook stock fell to the $28 range on Tuesday, and fallout from the less than stellar IPO appears to be rippling through music tech, as well. VEVO is apparently dialing back it's IPO ambitions; and Spotify has yet to close on its latest major funding round. Pandora stock also retreated into the $10 range, erasing recent gains.

  • WMG is actively seeking a replacement for caretaker CEO Stephen Cooper according the NY Post. The fate of senior exec Lyor Cohen is unclear. He's reportedly working without an new contract.
  • Twitter Signs Up Pepsi for Big Music Promotion (Media Memo)


  • Megaupload Wins Crucial Evidence Disclosure Battle With US Govt. (TorrentFreak)
  • Samsung Music Hub Takes on Just About Everyone (NYT)
  • Google wins YouTube copyright battle in French court. (CNet) German and U.S. courts say YouTube is responsible for pirated material, but a French court backs Google.
  • Why Social Networks Need Musicians (WSJ)
  • Rocker Fort Atlantic Releases New Album on Nintendo Cartridges (Wired)
  • How Berklee College became a mecca for modern music (Guardian)
  • Concert source Jambase has launched a Facebook app.
  • Music content specialist LoveLive makes senior hires (Televisual)
  • R.I.P. Doc Watson