New Music Industry Briefing For Monday July 3, 2006

– The EMI and WMG merger dance continues with rumors that EMI is about to up their bid from $31 to $33 and indications that WMG has the money for another counter-bid of their own. (Hypebot)

– The French legislature has adopted the watered down anti-DRM law. Because the legislation allows for exceptions, observers wait for the Apple and the entire industry to react. (PCWorld)

– The British Phonographic Institute, the trade group that represents UK music companies, has won the right to sue the controversial Russian discount download site allofmp3.com. (Observer)

– XM sends out 78.000 postcards with the wrong phone number on them. (Times Standard)

– A video interview with execs from download distributor the Digital Music Group (The Street)