Jimmy Iovine in a rare interview describes the current nature of the music biz.

More importantly, he confirms what KOAR has been saying all along. KOAR says we are facing a creative drought and Iovine says there is a lack of imagination that we’re going through in certain areas of music.

“If you put on Alternative radio, the guitars sound exactly the same… a lot of people blame the record companies for that, but it’s not the record companies. It has to do with the lack of imagination that we’re going through right now in certain areas of music, and kids think they’re supposed to copy things on television, or on the Internet.”

“If you’re in a band, make sure somebody in the band can write and be tough on the songs. If the band can’t write then you don’t have the right combination of members”.

“The hardest thing for any artist to do is look in the mirror and say the ‘reason it failed’ was me. Everybody wants to be Shaggy and say, “It wasn’t me… My album was great, it wasn’t me, it was that building.”

Watch the full interview here.

MySpace in Talks With Record Labels: Myspace and record labels are looking into advertising-supported service that would allow consumers to listen to music for free. Consumers would be permitted to stream songs for free as MySpace would then sell advertisements based on the traffic. The service would probably also include a means for consumers to click on a link and pay to download songs.

The Next Chapter: TVT founder Steve Gottlieb confirmed that his label will be filing for Chapter 11, but rumors of their demise are “exaggerated.” “We will continue to promote Pitbull f/Lil Jon’s ‘The Anthem,’ which goes Top 10 at Rhythm this week. Gottlieb, who is TVT’s president, told Billboard.com. “This is not the end of TVT.”

Hacker breaks link between iTunes and the iPod: A Norwegian Hacker released software that lets iPod owners copy music and videos bought from iTunes and play it on other devices. The program breaks the copyright protection and allows people to drag and drop songs from iTunes into a folder on their desktop, which in turn copies the files to other devices.

Number 1: Jack Johnson’s “Sleep Through the Static” remains No. 1 on The Billboard 200 for a second week.

Digital Sales to Surpass CD Sales: Half of all music sold in the US will be digital in 2011 and sales of digitally downloaded music will surpass physical CD sales in 2012, according to a new report by Forrester research via Coolfer.

Empty: Rhetoric is generally understood to be the art (Latin) or technique (Greek) of persuasion through the use of oral, visual, or written language. Watch it here.

Signings: Acoustic pop rock solo artist Matt Wertz has signed to Universal Republic Records and Thieves And Villains, an emo pop act, have signed to Victory Records.

KOAR’s Filter: Who wants to weed through 100,000 new record releases and 200 million videos on Youtube? You don’t, but we will. With that said, one of our KOAR readers Doug Devenski turned us on to the new track titled
Pretty Buildings by People In Planes.

The track opens with an open piano, and Gareth Jones singing a melody that follows the ivory tune. The tracks begin to layer with guitar and drums, analog synths add a hook that sticks in your head, and strings join in during the chorus. As the song moves on the guitar lines build in intensity, matching the emotion of the lyrics. (PuddleGum)

“I don’t want to feel this low again. I aint goin’ to steal your flame again. I don’t want to feel… `Cause you know it hurts like hell. So come out of the closet. Let’s talk about it. `Cause you know it hurts like hell. That’s you in a nutshell.”

You like? let us know…

Trent on TVT: Trent posted ‘Not ALL news about the music industry is bad these days’ in regards to TVT filing Chapter 11. Check out the series of comments posted from fans following trent’s comment.

Irving Azoff Explains: Why did manager, Irving Azoff, decide to release The Eagles CD exlusively through Wal-Mart?

“The Wal-Mart circular goes to 85 million households. There are 140 million people per week shopping at Wal-Mart. And with the Internet, people are just as happy to go online to buy a CD”.

“The Eagles are making on sales of [now] 8.5 million albums around the world, it pales in comparison to the touring revenue. The business is going to have to wake up and realize that recorded music sales are an ancillary business”. (New York Post)

iTunes more popular than illegal file sharing? A recent report from market research company NPD Group shows that purchasing music from Apple’s iTunes Store is more popular among 9 to 14-year-olds than illegally downloading music over the Internet. NPD said that 70 percent of tweens are now using legal means to download music. Regardless, the issue of illegally sharing music is still strong.

The breakdown according to the report…

iTunes = 70%
LimeWire = 26%
MySpace = 16%

Idol Performances Available on iTunes: Idol fans now have the opportunity to buy downloads of every performance from the top 24 semifinalists on iTunes. Full songs will be $0.99, while full videos of the final 12 contestants will be $1.99, starting March 12.

The Viper Room Sold: The world famous Viper Room on L.A.’s Sunset Strip has been sold to Harry Morton, entrepreneur and founder of Pink Taco Mexican Restaurants. No worries though. “I want to make it real clear that I have no intentions of remaking the brand. If it ain’t broke, don’t fix it,” says Harry Morton.

Recommended Listening: Check out the video ‘Burning Up For You‘ by
Karate High School. The band released a full length record ‘The League Of Tomorrow’ in September 07. Tour dates can be found on their myspace.

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New York based TVT Records who was one of the top independent record labels in the U.S. has terminated the majority of their employees today, sources revealed to AllHipHop.com today.

TVT, which is home to major recording stars like Lil Jon & The Eastside Boyz, Pitbull, Ying Yang Twins, The Polyphonic Spree and others, is expected to file for Chapter 11 bankruptcy protection this week.

TVT was Billboard Magazine’s #1 Independent Label for five consecutive years (2001-2006).

FMQB interviews RCRD LBL Co-Founder And CEO Peter Rojas: Online blogs focusing on celebrities and music is the latest trend. Peter Rojas talks about intergrating online blogs and music distribution.Â

“We’ve been approached by a handful of major labels. I’m not going to say “no,” that I would never work with a major label, but it’s not critical to our business model. What is critical to our business model is that the artists we work with are good. I wouldn’t want to work with a major label and have them say, “Okay, we’re going to put out the next Paris Hilton single on your site.”

Musicians Sue Universal: A dozen recording artists are sueing Universal Music claiming they had been cheated out of more than $6 million in royalties since 1998. Universal says the claims are baseless.

Writer’s Block: USA Today has profiled songwriters that have written songs for Britney Spears, Mariah Carey, Mary J. Blige, Rihanna, Usher, Celine Dion, Beyonce, etc. KOAR hopes more pop artists take a stab at songwriting than relying on professionals. For instance, Alicia Keys can entirely write her own material and her audience knows it and loves her for it. Check out these tips for overcoming writer’s block.

War On Music Piracy: Another article discusses illegal file sharing and how the Rudd Government is considering a three-strikes policy against computer users who download songs illegally. The policy would mirror legislation being introduced in Britain, which would require ISPs to police the activities of users.Â

Guitar Hero: There has been a series of articles talking about the video game Guitar Hero and its effect on music sales. Check out the article ‘Bands’ sales are feeling the ‘Guitar Hero’ effect’ that discusses the success of the metal band, DragonForce.

New Music: Its been 4 years since Gavin DeGraw has released new music. Gavin who began his career in NYC clubs will finally release his new record in April through J Records. His first single ‘In Love With a Girl’ has been posted on his myspace, it’s good.