New Music Business Briefing 3/12/07: Legal Action On Streaming, iTunes’ Power Grows & More

>>> NPR and CPB lawyers are planning legal action to fight the new higher royalty rates for streaming. Pandora says it will do the same.

>>> BetaNews looks at how absurd the new net streaming royalty rates look next to the paltry sums traditional radio pays to play music.

>>> iTunes does not charge for better product placement (yet), but its staff have become some of music’s most powerful gatekeepers.

>>> As hip hop sales decline even faster than the rest of the industry, rappers are increasingly turning to other revenue streams.

>>>  If you want to make sure you didn’t miss anything important, check out our New Music Business Week in Review.

>>>  WORTHY CLICK: SoManyMp3’s is part of a growing cadre of services promising bands more activity on their MySpace pages.

>>> R.I.P. – Brad Delp, lead singer of the band Boston. Great voice. Great guy.