Wednesday, May 28, 2003

Apple Finds the Future for Online Music Sales

New York Times:

Apple Computer seems to have the future of online music in its hands for the moment. Its new service, iTunes Music Store, has been the first real success story in the long effort to sell music over the Internet. In just its first month of operation the service, by the company's estimate, has sold three million songs online, at 99 cents each. This is an impressive figure considering the limited access that music fans now have to the service.

7:43:55 PM    

Online Music Price War Begins

BBC NEWS:

The cost of downloading songs from the internet has been cut in the first round of a price war. Listen.com, which provides internet radio broadcasts for $9.95 a month, is slashing the price for burning music onto CDs from 99 cents to 79 cents. This comes just a month after Apple Computers launched its online iTunes music store, which allowing Mac users to download songs for 99 cents with no monthly subscription fee. The Apple service has been far more popular than expected, with two million songs downloaded in its first 16 days.

This is obviously good for all of us who are consumers.

-Tim
3:58:18 PM