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A friendly and approachable brand name which would be ideally suited to a music or media company.
The word "Hootlo" contains only six characters and only two syllables. Two-syllable names are exceptionally rare and very prestigious. Two syllable names are used by established brands like Starbucks, Ikea and Gucci.
Hootlo.com is a dot com domain. Dot com domains are the most valuable top-level-domain in the world, famously used by websites like facebook.com. Owning a dot com says that you own the word "Hootlo" online.