-- During a BBC Radio 4 documentary, EMI Music executive chairman Charles Allen said the business is in “really good shape” after restructuring and job cuts. And he claimed EMI’s latest investment -- £105 million ($151 million) from existing investors – will “start the process of strengthening the balance sheet.” (To strengthen one’s balance sheet typically means to add cash and/or reduce debt.)

That investment will end up buying EMI at least a year, Allen said, maybe more. “But actually when you look at the results then it can buy us more time. I think it is about putting the first building block of the balance sheet restructuring in place and I think that gives confidence because why would you write a check for around £100 million ($144 million) and not look to invest in the business further?” Good question. Maybe people should ask why that check was only for £105 million ($151 million) and not for the full £255 million ($367 million) EMI expects it will need. Either way, Allen’s positive statements are duly noted. But some cold, hard financial data (audited, of course) would go a long way to convincing people EMI is actually in really good shape. (Music Week)

-- Related: Radiohead’s Thom Yorke warned young musicians it will be “only a matter of time – months rather than years – before the music business establishment completely folds.” Perhaps Yorke isn’t aware that EMI just landed an additional investment, or that the other three majors are not in such dire straits. But he must know that music publishing is relatively healthy, or that Live Nation and AEG, two promoters that are certainly part of the music industry establishment, do not face the problems record labels must deal with. Will XL Recordings, which has released Yorke’s solo efforts, also face the same “months rather than years” timeline? Woe is the young musician who is given a warped sense of reality. Hopefully much more precise predictions were made and not reported in the article. (This Is London)

-- Monday’s scheduled status hearing in the RIAA’s lawsuit against LimeWire resulted in a two-week delay. LimeWire hoped to use the hearing to get judge Kimba Wood to reconsider her summary judgment ruling from last month that found LimeWire liable for infringement. The RIAA presented its case for forcing a permanent injunction. The result—LimeWire has two weeks to prepare its response to the RIAA’s injunction request. Meanwhile, the RIAA asked the judge to freeze the personal assets of founder Mark Gordon, who was also held personally liable in the summary judgment. The RIAA says Lime Wire is moving assets into “family partnerships” controlled by Gordon in an attempt to protect them from any damages resulting from the lawsuit. [CNET]

-- A start-up called Audioboo.fm hopes to take a shot at being the Twitter for music and recently scored funding and partnerships to add momentum to that effort. According to PaidContent, the company added funding from 4ip, UBC Media, Imagination Technologies and angel funds from former Qualcomm chairman Sir Don Cruickshank (who is now also the company’s chairman). The UK-based company lets users record and upload audio to share with others. Each upload can be tagged with photos, location data, and other info and shared with the network, Twitter-style. (PaidContent)

-- Not like it was any surprise, but Activision formally announced the impending launch of DJ Hero 2 for this fall. Not much other information was provided for the followup to last year’s hip-hop entry to the music-genre, other than it will feature 70 custom mash-up tracks and it will feature several DJs and producers and in-game playable characters, including Deadmau5.

Assorted Links:

-- Rdio answers some users’ questions after its first week in private beta. (Rdio blog)

-- iTunes 9.2 coming alongside iOS 4. (TechCrunch)

-- How music freeloading has increased reliance on corporate sponsorships. (The Big Money)