Hypebot’s New Music Business Briefing For Tuesday Ocotber 10th, 2006
– It’s official! Google has bought YouTube for $1.6 billion in stock. "For Google, buying YouTube would strengthen its position as the middleman for an entertainment 
industry eager to make money online. But it also increases Google’s exposure to potential lawsuits over copyrighted videos, which are tough to keep off services such as YouTube." Can the deal make sense? (LA Times. Google Press Release) Is this the beginning or the end of the 2.0 bubble?
– UK indie site Bleep beat iTunes for best download site. Bleep, eMusic, and others successes with indie music and DRM-free mp3 downloads may represent a trend away from global download firms. iTunes is…"music marketplace with all the hits, but people would rather go for something a bit more alternative, with a bit more heart and soul," said one industry insider. (MacNews)
– Not surprisingly, Niklas Zennstrom founder of the now-defunct Kazaa and CEO of Skype believes that Kaaza, Skype and other P2P’s have been good for the music industry. (AP)
– Universal Music International division has appointed Rob Wells as Vice President of Digital. Wells was Divisional Director of Digital Services at Universal Music UK which boasts four of the top five best-selling digital albums this year in the UK.
Very Worthy Click: MusicHawk. MySpace for music lovers with most of the tools and 
none of the crap. (click) Should have a future.
thanks for the “Very Worthy Click”! if anyone has ideas on how we can make MusicHawk better let us know. our to-do list is long but we are always wanting to hear ideas and feedback.