Hypebot’s New Music Business Week In Review
>>> Hypebot revealed that Clear Channel Radio’s FCC mandated indie artist program requires artists to waive all rights and royalties.
>>> In reaction to an FTC probe, music download service Burnlounge has dropped is CEO and moved from multi-level marketing for a new affiliate approach.
>>> Study says digital revenue will surpass CD sales in 3 years.
>>> Hundreds of large and small webcasters will shut down on Tuesday June 26th for a day of silence to protest pending higher royalty rates.
>>> WMG has combined Rykodisc and Cordless digital label. Hypebot hears that next Reprise will be folded into Warners.
>>> V2 Records inks with Peter Gabriel’s We7 free ad supported download service.
>>> YouTube goes international with nine country specific sites.
>>> XM grabs full Live Earth coverage.
>>> A look at non-refundable ticket fees and how it effects fans when shows are canceled.
>>> Don’t miss our new free music industry job board. Several great new job listing will be posted earlier next week.