Hypebot’s New Music Business Week In Review: WMG Slides, Google + Free Music, Yahoo Drops Subs & Much More

> Warner Music Group reported another down quarter.

> Google to launch a free music service in China. Is this the future of the music industry?

> A Guide To The Music Industry in China – Part 3: Media & Marketing.

> Yahoo dropped music subscriptions and tapped Rhapsody pick up the pieces. More changes are ahead for Yahoo! Music as they layoff staff, buy FoxyTunes and morph into a music portal rather than new content provider.

> Video: What does the RIAA really think about file sharing and more? & The Barack Obama Wil.i.am music video "Yes We Can".

> National Record Store Day is set for April 18th as a celebration of indie records stores and music.

> Microsoft extended its European video offerings via deals with MTV and Sony BMG.

> MySpace has opened its platform to outside developers creating new opportunities for music marketers.

> Free ad supported download service WE7 delivered its 2 millionth download.