In Case You Missed It: Reading Recap

Always Front & Center... This Week: Adobe, iAds & Lala

Last weekend saw the news that EMI Music chairman Charles Allen is reportedly pulling back from his strategy to sell-off parts of the music group in an effort to righten the company’s state of financial disorder… The New York Times published a lengthy piece focusing on the new Live Nation Entertainment and its leading duo Irving Azoff and Michael RapinoRhapsody beat out other mobile music services this week by being getting its new iPhone app approved by Apple, making it the first service in the U.S. market to allow users to store subscription music in the phone’s memory… A lot more Apple in the headlines this week as Steve Jobs publicly sounded-off on his company’s continued stance against supporting Adobe Flash on its mobile devices. Billboard takes a look at what that means for music, while questions remain on how it all could relate to Apple’s imminent iAds platform that will likely cost advertisers at least $1 million dollars to buy into the new ad network… UK-based streaming service We7 announced that during the month of March, and for the first time ever, it had covered all operating and royalty costs with advertising revenue, making it the first company in the the ad-funded space to do so… Elsewhere, David Letterman‘s Worldwide Pants Inc. has started a record label, and its first release will be Orange County’s Runner Runner… And many are wondering if the freshly posted notice from Lala that it will be shutting down on May 31st and is no longer accepting new users means an iTunes in the cloud is finally on the way…