Record Exec Says Music's Future Is in the Clouds

Terry McBride thinks the smartphone is going to upend the current version of the record industry as profoundly as the iPod changed the last one. In a speech to college musicians, Mr. McBride said smartphone apps “will radically change the business.”

YouTube’s Music Videos: Popular, Money-Losing. For Now.

Music videos on YouTube are money-makers for the music labels, and a money pit for Google. That may change next year: Even Google can’t afford to lose money every time someone watches an Avril Lavigne clip.