Pussy Riot Found Guilty By Russian Court 
The three members of Pussy Riot, a Russian punk band/art collective, today were found guilty of "hooliganism motivated by religious hatred," according to reports. Prosecutors are seeking a three year sentence, though no jail term has been announced. READ MORE HERE 
Much Heralded Report Predicts Digital-Vs.-Physical Tipping Point That Already Happened 
The press has been drawn to a new report by Strategy Analytics that forecasts U.S. digital recorded music revenue will exceed physical in 2012. Unfortunately, Strategy Analytics is predicting an outcome that has already arrived and has been well documented. READ MORE HERE 
Twitter's New API Rules Could End Third-Party Clients
Twitter has announced a new version of its API that will limit how outside developers can use Twitter's data.
( Wired) 
Amazon to Let U.K. Customers Pick up at 5K Corner Shops
Amazon will now allow UK customers to pick up orders at nearly 5,000 corner shops and news agents.
( CNET )
Irving Azoff to Sell 2m Live Nation Shares
The Live Nation chairman is looking to divest a maximum of 2,036,500 shares starting this month, according to a Securities and Exchange Commission filing.
( Music Week) 
Kim Dotcom's U.S. Extradition Not A Sure Thing
US authorities must show evidence of internet piracy before Megaupload boss Kim Dotcom is extradited, a New Zealand court has ruled.
( BBC )
Baroness Update: Three of Four Band Members Remain Hospitalized After Bus Crash
One day after their bus crashed near Bath, England, falling thirty feet over a viaduct, Baroness have issued an update on the state of their band members and crew. Nine people were hospitalized; five remain.
( Pitchfork )
Carl Davis, Chicago Music Impresario, Dies at 77
Carl Davis, a record producer and music impresario who helped shape the sound of Chicago died on Aug. 9 at his home in Summerville, S.C.
( NY Times )