Fortune’s Fool: Edgar Bronfman Jr., Warner Music and an Industry in Crisis hit the book shelves this week.  Check out the 2-part interview on Wired.com with author Fred Goodman… The new “Facebook movie,” officially titled The Social Network, released a new trailer for the upcoming film that features an eerie background supplied by a choral rendition of Radiohead’s “Creep” – you won’t find the film being promoted on Facebook, but it is part of Twitter’s newly launched Promoted Tweets… Fear not, if the lack of news regarding Spotify in the last few weeks has got you worried, CEO says the service is “growing healthily,” and the U.S. launch of the service is still on track for this year… Elsewhere, the NY Times has a profile of Pitchfork and its growth from a small bedroom website to indie music dominance, getting 30-million page views a month… Live Nation Entertainment held a presentation this week for investors and analysts detailing the company’s plans for the future and addressing the highly scrutinized struggle of the concert business this year… And Peter Jenner, former manager of acts such as Pink Floyd and The Clash, shares his thoughts on the economics of digital music and the inevitability of file-sharing…

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 Rapino… Rhapsody 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…

Apple's New Game-Changer?

No question about it, this week saw two stories dominate the headlines and bloglines and pretty much anywhere that covers music and media, and it wasn’t the Grammy’s… First was the announcement that the DOJ had approved the Ticketmaster – Live Nation merger, much quicker than most anticipated, with the result being the formation of Live Nation Entertainment.  As to be expected the reactions were plentiful and varied, including a thumbs up from influential artist manager Jim Guerinot, while Spaceland Productions founder Mitchell Frank and other indie promoters see reason for concern – both stories appearing this week in the L.A. Times music blog Pop & Hiss… The other widely reported and debated news this week was the unveiling of Apple’s new iPad. The announcement of the one-of-a-kind device was greeted with praise and skepticism, as most new Apple products do, including estimations as to what the iPad will mean for the music industry, how it will take down the Kindle, why a rebuilt iTunes is more important and Bob Lefsetz explains why he won’t be buying one.