U2 Paul McGuinness Says Radioheads’s ‘In Rainbows’ Backfired: U2 won’t be given an album away for free anytime soon. ‘McGuinness said that U2’s forthcoming new album, which he said is likely to be released in October, would not be released in the style of ‘In Rainbows’. McGuinness said that most fans who downloaded the album did so through illegal means, despite the album being available for a nominal amount legally. “60 to 70 percent of the people who downloaded the record stole it anyway,” he told BBC 6 Music’s Music Week, “even though it was available for free.”

McGuinness said, “We will obviously work with whatever technology is available to make the release of the new record as interesting as possible. “[But] for U2 physical sales are still an enormous part of our business and we still sell a lot of actual CDs.” No one can claim that Radiohead was thrilled with the results…

Trink Is Out: It has been confirmed that Capitol Records President Lee Trink is resigning from the label, and will step down from his position as of Monday, June 30.

Trink said the decision to step down was based on a based on a ‘philosophical difference’ with changes EMI’s new owners were making. Their view is that is no local management says Trink. There is no such thing as a president of Capitol Records going forward. I believe that’s a mistake – and not just because I happen to be the president of Capitol.

Also, Jason Flom could be entitled to a hefty settlement payout according to sources.

Signings: Indie Ambient act, Paper Route, has signed to Low Altitude Records and will be distributed through Fontana. Listen to All We Are Forgotten.

The Charts: Disturbed’s “Indestructible” lands on top of the Billboard charts with 250k in sales. That’s pretty darn good. This has to be one of the biggest opening weeks of the year.

The War on Piracy: Read this article written by Billboard’s Susan Butler titled ‘ Inside the music industry’s piracy battle’. The war isn’t going to be easy, but war is never easy. We are in a land where people feel they are ‘ENTITLED’ to steal music.

Quote Of The Day: I never hear new music in the right context to buy it says new EMI Digital exec.

He also says..

‘When I listen to radio, I’m listening to NPR to catch up on the news. The good local music stores are all gone. When I’m working, I want to hear music I like, so I have a very low threshold for experimentation. Coworker’s iTunes shares provide a hint at something new, but DRM and the hassles of being on the wrong computer – working on a desktop when my music is on my phone and laptop – keep me from jumping onto the iTunes Music Store to make a purchase.’ (Silicon Alley)