No, Drake & Lil Wayne aren’t making $3M per year from Pandora

Pandora founder Tim Westergren disclosed some interesting financial information today regarding how much money the company pays out to individual music artists.

Bamm.tv’s virtual venue gives emerging musicians a new way to make money

While the most popular music startups suffer from huge licensing fees that keep them in the red, Bamm.tv is taking another route that focuses on the lesser known bands.

Did French music site Deezer just raise $130M from Warner parent group? The facts

Parisian daily Le Figaro is today reporting that Deezer, the popular France-based music site, has raised a huge €100 million ($130 million) round of funding from Access Industries, Warner Music Group’s parent company.

We’ve reached out to Deezer reps and …

Digital music sales for 2012 could be the highest yet

Digital music sales are expected to reach record breaking numbers in 2012, according to data from a Nielsen study published today.

Jamming in the cloud: Vinylmint lets you record music with anyone online

Taking the notion of online collaboration to a whole new level, VinylMint has created a cloud-based solution for musicians to jam and record in real time.

Fuzz, a new social music site from Blip.fm’s founders, will keep you listening for hours

The founders of "Twitter for music" site Blip.fm have launched a brand new startup call Fuzz, which puts a new slant on a socially driven music service.

Xbox Music pricing leaks online, mimics Spotify model

It looks like Microsoft accidentally revealed pricing for its new Xbox Music streaming service today, weeks before full details are rumored to be announced.

SoundCloud refreshes its mobiles apps to focus on audio editing

Audio service SoundCloud has updated its mobile apps on Android and iOS with a slew of new features aimed at improving a user's ability to edit sound clips on the go.

Rapt.fm: Rap freestyle with anyone in the world (and maybe become the next Eminem)

Most startups aren't as sexy -- or as musically talented -- as Rapt.fm. Then again, most CEOs aren't rappers, and most CTOs aren't beatboxers.

Apple rolling out redesigned iTunes store for desktop & iOS

Along with the announcement of Apple's new iPhone 5, the company announced some big changes to its iconic music and media store iTunes.

With $1M in funding, Turntable.fm creator launches new music startup DJZ

Turntable.fm co-founder Seth Goldstein is turning his attention to launching new startup DJZ, which focused on the culture of electronic music.

Pandora stock takes a nosedive over Apple streaming service rumors

Pandora investors aren't thrilled with the news that technology giant Apple might be launching its own streaming service.

Apple to start a Pandora-like subscription music service

Apple is attempting to start a Pandora-like Internet radio service, according to the Wall Street Journal, which says that Apple executives have been talking to music industry players to negotiate licensing.

No app store? No problem. Grooveshark rolls out full HTML5 site for all devices

Shortly after getting its Android app kicked out of the Google Play store, Grooveshark is rolling out the full version of its HTML5 web app today.

Nokia launching free streaming music service on Lumia Windows phones

Handset manufacturer Nokia is offering its Lumia customers access to its free music service, the company announced today.