News Update: Apple Changes App Tune, Rivals Eye Warner/Chappell, Borders, Sony, Fanatic.fm, More

Apple Reverses Course On In-App Subscriptions –  "There are no longer any requirements that a subscription be the same price or less than it is offered outside the app. There are no longer any guidelines about price at all. Apple also removed the requirement that external subscriptions must be also offered as an in-app purchase." (MacRumors) This has huge positive implications for music subscription services  and some artist apps.

• Rivals circling Warner/Chappell – Execs from KKR-backed BMG Rights have gathered to discuss how they might win valuable pieces of WMG's publishing arm, Warner/Chappell, should regulatory agencies force the new owner to dispose of the business. (NY Post)
• Borders May Have to Close Some Of Its Most Profitable Stores (paidContent)

MORE:

• New questions from U.S. Congress as Sony is hacked yet again. (NY Times)
• Fanatic.fm, the startup sites that connects bands with brands and fans with music, has named Katherine Hollinsworth and June Kinoshita to lead its global marketing and communications operations. (press release)
• ConcertsInYourHome.com celebrates its 5th Anniversary.
• SwapBeats.com has launched as a music creation marketplace that "facilitates an international community of music creators exploring the possibilities of making and managing music online".
• 5 Things Apple iOS 5 Will Do For Music Lovers (Business Insider)
• The EFF on Apple's iCloud – Partly Cloudy Skies: Apple’s Cloud Services Are Promising, But We Still Want A Freedom of Choice Button.