Jimmy Iovine shared some thoughts about challenges in the streaming music business. And in doing so, I’d argue he pretty well describes the entire landscape when it comes to the consumer web. From here on out, the mega players hold all the cards. “The streaming services have a bad situation, there’s no margins, they’re not making any money. Amazon sells Prime; Apple sells telephones and iPads; Spotify, they’re going to have to figure out a way to get that audience to buy something else. If tomorrow morning Jeff Bezos wakes up and says, ‘You know what? I heard the word ‘$7.99’ I don’t know what it means, and someone says, ‘Why don’t we try $7.99 for music?’ Woah, guess what happens?” (If history is any indicator, other companies lose value and Amazon’s stock goes up.)

+ How Chinese demand for Rosewood furniture is changing the music business and presenting challenges to companies like the one that makes Martin Guitars. The Tree That Rocked The Music Industry.