New Music Industry Briefing For Wednesday June 21, 2006

UPDATED –

– Korean P2P’s join together to stop all MP3 downloads.  CD sales have fallen 70% there. (PCPro)

– Take a test drive of the new Sprint LG music centered Fusic phone. (Digital Music News)

–  Nielson to finally update it’s rating systems. (Business Week)

– Madonna sets cross-promotion with discount clothing chain H&M and the fashion world shutters. (Billboard)

– New music community site MOG opens in Beta.  Stay tuned for a Hypebot tour and review.

– UK digital download site MyCokeMusic closes its doors after market share sinks to just 6 percent, above MSN Music but trailing Apple, AllofMP3, Napster, and Wippit. (Digital Music News)

–  Arctic Monkeys, who were voted the best British rock band earlier this year, said bass player Andy Nicholson has left the group. (Reuters)