More Music News For 8/17/09: Digital Sales, Orchard $’s, Qtrax Troubles, Tap Tap, Dylan & More

• US digital music sales to eclipse CDs by 2010: If current trends hold, US digital music downloads will rake in more money than physical formats next year. Worldwide, digital will overtake physical by 2016. (ars)
• The Orchard reports higher revenue but deeper losses. Their cash position also fell from $10.4M to $4.2M. But if The Orchard can maintain its margins and the economy improves, the company is in a position to find profitability, as digital sales continue to overtake CDs. (SEC filing)
• Qtrax is facing more financial and legal hurdles. (cNet)
• The hugely popular Tap Tap Revenge version 3 is almost ready for release and will include in game song downloads. (TechCrunch)
• Bob Dylan pulls his music off We7 and Spotify. (Music Ally)
• GimmeSound.com, which promises fans free music, artists royalty payments and everyone donations to good causes has added rapper Lyrycyst to its giveaway roster. 
• What's on your iPod? Top digital music downloads of the last seven decades. (Chicago Examiner)
• Every Rhapsody page has added a Facebook and Twitter icon. Click them and Rhapsody will let you post the song you're currently playing to either service. (cNet)
• EMI Music in North America has appointed Greg Thompson to an expanded, new role as EVP, Marketing and Promotion. (FMQB)
• Yes, People Dislike The RIAA Because Of Its Actions, Not Because Everyone Hates Music Business People. (Techdirt)
• R.I.P. legendary producer Jim Dickinson