NEWS BRIEF: UMG & EMI Head To Congress, Pandoa Mobile Ads Up, ‘Perceived Value’, Cloud Music & More

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Universal and EMI execs head to Congress on June 21st to defend a merger plan that would give the combined company a 40% market share. (Reuters)
Pandora VP of Mobile Ad Sales Brian Colbert said yesterday that the music streamer was second only to Google in US mobile ad revenue with more than $100 million in ads last year.
The Role Of 'Perceived Value' In Music Is Small And Fading Fast (techdirt)

MORE:

New White Paper: NARM and digitalmusic.org have released the latest iteration of "MetaMillions: Turning Bits Into Bucks for the Music Industry Through the Standardization of Archival and Contextual Metadata." Download it hear.
Warner Music U.K. is expanding its label offerings with the launch of a new Artists and Label Services division. (Billboard)
Cloud music is still the future for Apple, Amazon – really. (CNet) Cloud music hasn't really caught on yet, but Apple and Amazon continue to bolster their services. The iPod proved that music drives hardware sales, and the big players can't afford to be without it.
Twitter’s expanded tweets are a double-edged sword (GigAOM)