Never far away from headlines, it’s being reported that Apple is now the world’s most valuable tech company. Valuations from Wall Street on Wednesday showed that the company has surpassed Microsoft and is only second to Exxon Mobil in America… Then there’s that pesky DOJ investigation into Apple’s possible anticompetitive practices, with particular focus on the recent allegations that the company pressured record labels to not participate in Amazon‘s MP3 Daily Deal promotion, threatening loss of iTunes visibility for artists who did… The recent federal court ruling against file-sharing service Limewire has led the company down a well-trodden path, with plans to “legitimize” the music service, executives explain they are now seeking licenses from all the major record labels… New MySpace co-presidents faced a number of tough questions at TechCrunch Disrupt regarding huge drops in site traffic and the $10-million-a-month losses for MySpace Music… At the same conference Lady Gaga‘s manager Troy Carter and Justin Bieber‘s manager Scooter Braun discussed how the web is impacting the music industry and the importance of managing an artist’s online identity… Elsewhere, ‘psycho-acoustic simulation’ music service BlueBeat, who made headlines trying to sell digital Beatles songs last year, is back with a streaming iPhone app. More unlicensed music? Yup… And what exactly is a Shaved Bieber?
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Not So Fast > An article on Thedeal.com revealed that U.S. regulators were prepared to approve the merger of Ticketmaster and Live Nation, but other sources quickly dispelled the report saying both sides are prepared for litigation… (Reuters)
Sleeping Giant > New court documents reveal that after nearly 3 years Viacom’s $1 Billion copyright lawsuit against Google may soon see a conclusion… (CNET)
New Diggs > Style Section L.A. takes a tour of Dangerbird Records new Barbara Bestor-designed compound… (StyleSection)
Status Update> VitaminWater will soon be releasing a Facebook inspired new flavor called “Connect”… (TechCrunch)
On the Block > Philadelphia’s longtime bar and music venue the Khyber is up for sale… (PW)
It’s been a lethargic week here on RM 64 blog, but we thought we’d share some ‘elsewhere’ reading that caught our interest this week… TechCrunch was first to reveal info about Google’s Music Service, leading to much conjecture and hearsay, but no official statement… MySpace heads took the stage at the Web 2.0 Summit to announce new MySpace Music artist features and discuss the service’s bumpy road… Meanwhile Facebook believes “in the wisdom of friends” as COO predicts the future is social and not search oriented… And Disney looks to the sky for the future of digital content, as they are reportedly developing a new cloud-computing technology codenamed “Keychest” that would give consumers access to purchased content for life on multiple devices via the cloud…