Hypebot’s New Music Business Briefing For Thursday November 2nd, 2006

– SoundExchange wants a whopping 10% of revenue increasing to 23% by 2012 for performance royalties from XM and Sirius.  The sat services offered 1/10th of that. (Washington Post)

– The Orchard, CD Baby, Epitaph, Koch Records, Redeye Distribution, Virtual Label, Zebralution and others to add their catalogs to SNOCAP‘s Digital Registry thus enabling downloads across SnoCap partner platforms including MySpace. (press release)

– The Wall Street Journal uses John Legend’s 1.7 million in sales without a broadcast hit as a prime example of how you no longer need radio to sell CD’s and downloads. (via RAIN)

– Digital distributor Digital Music Group adds seven labels to it’s roster. (press release)

– In an example of musical reverse engineering, physical distributor Fontana Universal is pressing and selling CD’s of releases from previously digital-only INgrooves product. (press release)

– Hollywood’s United Talent has created a team of young agents whose goal is to discover and monetize the next generation of creators of internet video content. (NY Times