Music industry news from Hypebot:

Even though other bidders have dropped out, EMI shareholders have still not yet approved Terra Firma’s bid to buy the company.

In a major victory for indie musicians and labels Clear Channel has dropped their demand that artists waive royalties to get airplay.

Blender named their music/tech PowerGeek 25 and amazingly neither Hypebot or ProHipHop made the list.

The UK’s Mercury Prize nominees for "Album Of The Year" were announced and you can listen to 11 of them here.

Internet radio stations are still on the air, but the battle over proposed higher royalty rates continues.

Sly Stone did one of his first full public performances in years recently Europe’s North Sea Jazz and there’s video of him doing his hits "Stand" in 1974 compared to 2007.

Microsoft’s Zune is ramping up promo with onsite kiosks and promotions at 28 major Live Nation concert venues this summer.

See ProHipHop’s Hypebot Industry News category for past roundups.