More Music News Wed. 8/5/09: Preformance Royalties, Imeem, Spotify, Pirate Bay Stock & More

• Senate holds radio performance royalty hearings. (FMQB)
• iTunes Mexico launched yesterday (press release) and Tunecore has added the new store to its distribution roster. The flat fee distributor already offered customer support and a 12 page FAQ in Spanish.
• One Year On: Imeem Hype Falls Flat (ReadWriteWeb) Traffic is down 10%.
• Spotify Closing New Financing At €200 Million Valuation; Music Labels Already Shareholders (TechCrunch) Up Next: Spotify U.S.
• Pirate Bay to be traded on NASDAQ? The future Pirate Bay owners have big plans for the site and according to the CEO there is no doubt that the sale will go through. Since most interest thus far has come from the US, the company plans to get a listing at the NASDAQ, making it easier for people to trade stock in addition to files.(TorrentFreak)
• Paula Abdul says bye bye to American Idol…via Twitter. (NY Times, the tweet)
• American's grabbed 9 million Michael Jackson tracks free via filesharing since his death and unauthorized merch sales are soaring. (AP) HITS says Jackson has 3 of the top 5 selling albums again this week.
• The Album Is Dead, Long Live the App (Epicenter)
• Widgets, Banner Ads Are Out: E-Commerce, Branded Entertainment Are In (paidContent)
• Fuse and Billboard launch “The Daily Noise”  news segment on-air and online. (press release) 
• Interscope Geffen A&M (IGA) and Moderati Launch LMFAO Romplr, an Interactive iPhone Music Application Allowing Fans to Mix Songs (press release)