In an effort to curb profit losses due to music downloading, Warner Music has proposed a mandatory $5 tax to be tacked onto everyone’s internet bill. In exchange you’d have access to basically all music in the history of ever. Don’t get so excited though…the fine print shows the true evil behind this bill. It would screw artists hardcore. Read more here.

A reliable source tells HEAVE that Chicago indie rock group Wax On Radio has broken up.  They will be reforming under a new name without drummer Sammy Del Reao.

This is a few hours old, but $5 billion merger between XM and Sirius Satellite Radio has been approved by the Department of Justice. The lengthy statement released today by the DoJ states that after a thorough investigation, it has been determined that the proposed merger would not hurt consumers. The merger still has one major hurdle to overcome, getting the approval of the FCC. If the FCC approves the merger, all systems will be go. Read the entire statement here.

Enjoy it, there will be weekly installments.

Sigur Ros took over Youtube today and put up their 97 minute “music DVD” entitled “Heima.” While anything Sigur Ros touches becomes instantly wonderful, this is especially wonderful. Watch it when you have some time.