Weekly music industry news from Hypebot:

There were major executive shake-ups and job layoffs at EMI.

The much anticipated Apple iPhone iPod/cell hybrid was announced and initial reviews are very positive. Cisco hit Apple with a lawsuit claiming it owns the iPhone name but Wall Street still rewarded Apple’s stock price. Hypebot thinks it might be a tipping point for digital music.

Hypebot interviewed Beggars Banquet/Matador new media head Adam Farrell on DRM.

Microsoft appears to be walking away from its own PlayForSure technology which powers Napster and Yahoo.

It was another sad week for CD sales.

See ProHipHop’s Hypebot Industry News category for past roundups.