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Vivendi, MP3.Com Need Each Other For Success
The lesson learned in the courtship between Vivendi Universal and MP3.com is that record companies and technology companies need each other to succeed in the whipsaw world of Internet music. The world’s five largest record labels are racing to launch alternatives to Napster, the once popular song-swapping service now barred by a federal court from offering most songs copyrighted by the labels. And Vivendi, which owns the world’s largest record company Universal Music Group, is betting that MP3.com will raise its online presence and offerings above its competitors. Vivendi plans to launch a music subscription service called Duet this summer… Read more »