*Coming soon, with money in hand. FreeAllMusic (freeallmusic.com) is an ad-supported download store coming later this year.
The company just grabbed a seed round, and is teasing a simpler, better experience than its ill-fated predecessors. The company tipped the funding to Digital Music News earlier this week.
*Live365’s Constitutional challenge of the Copyright Royalty Board (CRB) has been dismissed by a federal judge.
*Imeem has now raised $6 million in a recapitalization round, according to TechCrunch. The somewhat desperate move was powered by Morganthaler Ventures, with some potential involvement by Warner Music Group.
*Diddy is now shifting his Bad Boy imprint to Interscope Geffen A&M, according to official word from the artist and Jimmy Iovine. Diddy is leaving Atlantic (WMG).
*Grammy-winning producer Greg Ladanyi has now passed, following complications from an accident at a show in Cyprus.
*Pearl Jam’s Backspacer topped the most recent album rankings in the US with sales of 175,000