Hypebot’s New Music Business Briefing For Monday October 9th, 2006

– Tower Records will close after inventory is sold over the next 6 weeks.  3000 will loose jobs. (Hypebot, Hollywood Reporter))

  – Google reportedly in talks to buy YouTube for $1.6 billion. (AP)

– French say Jimmy Buffet had 100 tabs of Ecstasy.  Buffet claims it was medicine. (Chicago Tribune)

– A new Piper Jaffrey teen branding study shows that teens love their portable music devices with the iPod grabbing a growing 79% of their affection. (Piper Jaffrey)

– Russian download site Allof MP3.com barks back at US WTO representative, "Susan Schwab markets us so effectively – she could already be our press secretary." (Register UK)

– Why don’t kids buy more downloads? They can’t without a credit card. Could mobile delivery change things?  More below on Hypebot and add your thoughts to the discussion.