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Online music sales a mixed blessing
A year after Apple Computer Inc. launched its iTunes Music Service, the online music industry is selling songs by the millions – and that may not bode well for the major record labels. Online services account for just a fraction of overall music sales, but they’re growing rapidly. And the new choices they give consumers threaten to remix the recording industry’s traditional revenue streams, pumping up the volume of singles and subscriptions and turning down album sales. Customers at three of the leading online services – iTunes, Musicmatch Inc.’s Musicmatch Downloads and RealNetworks Inc.’s Rhapsody – buy about 10 times… Read more »