Hypebot's New Music Business Briefing For Thursday October 26th, 2006

- According to one analyst content is still king driving the evolution in consumer electronics. (Electronic News) Tell Hypebot hat you think.

- Russia does not seem ready to shut down controversial discount download site allofmp3.com and it's upsetting the future of global trade. (LA Times editorial) Seeing the writing on the wall allofmp3.com has been morphing into an ad supported service called MusicForMasses, but yesterday a new hack dubbed MusicForMe made these downloads totally free.  The lesson? DRM is pointless.

- Janet Jackson's boy toy Jermaine Dupree exits his post at Virgin EMI Records as predicted. (AP via CNN)

- EMI's Parlaphone label to accept music demos online. (Yahoo!)

- Blogger ProHipHop is auctioning other hip hop industry URL's via eBay. (press release)

- The demise of Tower Records seems to be hitting indie labels the hardest.  Many relied on the deep catalog outlets for 5-6% of all sales. (Billboard)