Hypebot’s New Music Industry Briefing For Monday August 14th, 2006

– Tower seems more than ever to be on the brink of bankruptcy, but this may not ark the end of smaller niche music stores. (San Diego Tribune) 

– The Firm is creatively naming the "artist friendly" label that it launched recently…Firm Music.

– Indie Yep Rock launches it’s first ever Yepcast (aka podcast)with music, label news and an exclusive Radio Birdman interview. (download here)

– Apple announced that it’s quarterly update to Wall Street will be late as it digs into how mis-stated stock options may have effect earnings dating as far back as 2002. (AP)

– Two more execs from Virgin’s digital arm leave to start a consultancy with Virgin as their first client. (Paid Content)

– Distributer Digital Music Group’s sales are up and losses down in latest filings. (bizjournals)