• Today's Wall Street Journal reveals Google is in talks with YouTube for about $1.6 billion. From a music perspective, there is a lot of potential in a Google purchase of YouTube. (The video angle is obvious: YouTube owns Google Video.) While Google has mastered free email, maps and text ads, it has yet to reach success in entertainment. Though its deep pockets may be tempting, I could imagine labels working with Google to promote their music on MySpace. (Read article at Wall Street Journal)

• The Future of Music Summit in Montreal started yesterday. cleverLazy, Fluxblog, Chromewaves and other bloggers will be there. Check their blogs for comments on the Summit, and check for Future of Music posts at Technorati.

• Partnerships about: Best Buy is the retailer of choice in the Rhapsody/SanDisk partnership and Samsung is working on an online store with MusicNet. Plus, Target is rumored to be working on an online music store. That's it, the market will officiallly be satiated when Target enters. (Read article at Red Herring)