Hypebot’s New Music Industry Briefing For Wednesday August 16th, 2006

UPDATED – YouTube which boast 100 million daily viewers is in serious talks with the major labels to offer a broad library of music videos for free much like Yahoo! and Real, but with added community and consumer review features. WMG and EMI are already onboard with the new plan. (Reuters)

– Nordic consumer regulators will meet in Iceland this month to discuss possible legal action against Apple if the company does not ease restrictions that stop songs bought on iTunes from being played on players other than the iPod. (AP)

– As if P2P’s don’t have enough enemies already, Altnet is suing Streamcast. (TechDirt)

– The Nintendo Fusion Tour links live music and gaming.  (Billboard)

– XM and Sirius are both dealing with slowing subsriber growth and increased customer churn.  Each is taking a decidely different approach to find a soulution. (WSJ via RAIN)

– New air security measures are hurting musicians and the instruments that they carry with them. (NY Times).  A good source of general travel security measure can be found at Concierge.com.