Myspace To Sell Performance Videos: Myspace has rolled out another revenue model and now allow the sale of exclusive musical performances. The New York Times reports ‘It could be perceived as an Internet variation of the popular series “MTV Unplugged,” but with a revenue stream built in. When musicians participate in the MTV series, their work is sometimes released as albums months or years later. On Myspace, the work will be available immediately’. Unlike a iTunes who demands a flate rate of .99 cents a song, MySpace will let distributors set their own prices.

Will this create new revenue for Myspace? Once again, Myspace needs well known national artists directing fans over to the site. Currently, Myspace is struggling to find the next big ‘widget’ that connects with artists and fans alike.

LimeWire Antitrust Thrown Out: Limewire claimed the record labels conspired to monopolize the online distribution of music and refused to license their songs to the peer to peer file sharing site in an effort to put it out of business. The federal judge concluded Lime Group didn’t show any facts to suggest the record companies’ actions were “anything other than independent decision-making by each company to refrain from doing business” with Lime Wire. (AP)

Universal Music 90 Second Song Policy: All artists signed to Universal must comply with the new policy and must swap the songs on Myspace for 90 second clips. This is largely due to the fact that thieves steal music by ripping the songs off of myspace and downloading the tracks on their hard drive.

Some illegal myspace hack sites include http://myspacegrab.com/. KOAR tested the program and it successfully rips the track from myspace but the song quality sucks – almost unlistenable. I would rather pay the .99 cents.

New Music: Carolina Liar is a new Atlantic signing. The band moved from South Carolina to California and worked with some of the best songwriters including Max Martin (Kelly Clarkson, Avril Lavigne, Pink, Def Leppard, Britney Spears). Ironically, they sound indie.

Internet Advertising: Read the Times Online post that claims the internet will overtake magazines to become the world’s third-largest advertising medium by 2010.

Lastly, check out Hypebots nominations for music blogs…