New Music Business Briefing: LaLa Down, Chinese Streaming, EMI Bid Stalls & More

>>> Lala’s promised free streaming service which launched with WMG product is at least temporarily unavailable as the company retools its efforts.

>>> Baidu.com, a leading Chinese language Internet search provider, and Rock Music Group a top independent Chinese language record label have established a partnership for an advertising-supported online music streaming service. (press release)

>>> Terra Firma has extended its bid for EMI yet another week to July 12th as shareholders reject the initial bid. (FMQB)

>>> P2P traffic is increasingly shifting away from music to movies. (Ars).  Is this good news for the music industry or does it just mean everyones grabbed all the old music they care about?

>>> Billboard has a roundup of new music devices  being released for Christmas sales. (here) The common denominator is harnessing WiFi.