Universal Music Plans ITunes Rival

Posted: Oct 13 2007, 5:00am CDT | by , Updated: Aug 11 2010, 4:20am CDT, in News | Other Stuff

 

Universal Music plans iTunes Rival
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Universal Boss Doug Morris is apparently partnering with major music labels like Sony BMG Music Entertainment and Warner Music Group to battle Apple's iTunes.

The three major labels control 75% of the music sold in the U.S..
Apple already controls 70% of the music download business. Until now all music download services launched by other companies like Microsoft have not been able to compete with iTunes head to head.The effort by Universal might be successful especially if the rumored business model of all-you-can-eat music for the end consumer would be true. Apparently Universal would charge a subscription fee that they think carriers and hardware makers would pay. I am not sure if this is really feasible.
More details on Business Week.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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