Tom Morello, lead guitarist for Rage Against the Machine performing “Midnight in the City of Destruction” from his new solo album “The Fabled City” at the Wall Street Journal … of all places.

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From KCRW’s On the Beat – Last month, the legendary rock band, the Allman Brothers, filed a lawsuit for $13 million against Universal Music. The Allman Brothers contend that Universal has been shorting the band their full compensation for the sale of their music on outlets like iTunes. The Allman Brothers are hoping to make their case an example for other recording artists with similar contracts. Cheap Trick has already filed suit, and many in the business are watching to see how these lawsuits will finally play out.

Innovations in the marketplace require contractual clarity, for the fairness of all involved. But before the 1970’s, no one was thinking about their digital future. Who could have imagined new distribution pipelines, created by third parties who would parse out a digital song file and sell it at the click of a mouse.

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Google investors have really only one question about YouTube: When does the search giant figure out how to turn those hundreds of millions of video views into cash?

While founder Chad Hurley is still bullish on YouTube’s ad potential, he told us that this one, big online video answer everyone was looking for didn’t exist. Instead, YouTube would be rolling out a range of options starting in the next few months.

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From WNYC – “The video-sharing site YouTube is a reliable source of homemade comedy, political manifestos and quirky confessionals. It could also put some music teachers out of a job. Today we examine the pros and cons of music lessons offered through the popular online destination.”

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