• iTunes has a new adversary—Facebook. Read about the rest of Facebook’s music plans unveiled at the f8 conference here.
     

  • Universal Music Group and Live Nation inked a promotion deal to further market Universal’s artists. Live Nation’s stocks slid 27 percent this year, so it’s hurting for cash.
     

  • BMI proved that the music industry’s finances aren’t totally down the tubes when it announced that its revenues for the last fiscal year hit $931 million, up from $917 million.
     

  • Could the latest iPhone app from 955 Dreams, Band Of The Day, become your new favorite way to discover new music?
     

  • Van Halen left Warner Bros. after 35 years, supposedly for Columbia. Columbia will oversee the group’s first record with David Lee Roth in decades.
     

  • Deadheads unite. Real Gone Music, a new reissue label, is going to re-release a bunch of lost Grateful Dead live recordings.
     

  • Spotify now has 2 million paying customers.
     

  • Pandora made changes to its website that might make it a worthy competitor for the newly launched online music services out there. Maybe that’s why market analysts are showing the site some love.
     

  • Much to the Internet’s delight—the iPhone 5 will be unveiled October 5.
     

  • Vimeo launched a music store that will allow Vimeo’s semi-professional artistic customer base a place to buy and sell music for video.
     

  • Grooveshark has made a deal with four more indie labels.
     

  • The 2011 College Radio Award Nominations were extended through Sunday.
     

  • Record exec Russell Simmons is going to buy a TV network.
     
    Industry Wrap is a weekly CMJ column covering industry-related music news. Send tips to Kate Shapiro at kshapiro@cmj.com.