It looks like you have your logic turned around.
An UpdatePanel is used to update a specific part of a page without affecting the rest of the page.
In your case, you try to update the entire page, but leave once piece in tact. In your current design, this won't work.
Is it an option to wrap the rest of the page except the player in an UpdatePanel so only that part is updated? This will not always work, and depends on your page design. If you have regular links you're out of luck as those will always cause a new page to load.
Alternatively, you can look at frames. They are considered to be a bit old skool there days, but they may help you accomplish your functionality.
Hope this helps,
Imar
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Imar Spaanjaars
http://Imar.Spaanjaars.Com
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