Amazon.com Inc. (AMZN) Launches iTunes Competition
Amazon.com Inc. launched its much-anticipated digital music store Tuesday, a move analysts say represents the first hint of real competition for Apple Inc.'s market-leading iTunes.
Amazon MP3, as the new section of the Web retailer's site is called, currently stocks nearly 2.3 million songs, all without copy-protection technology. Shoppers can buy and download individual songs or entire albums. The tracks can be copied to multiple computers, burned onto CDs and played on most types of PCs and portable devices, including the iPod and Microsoft Corp.'s Zune.
Songs cost 89 cents to 99 cents each and albums sell for $5.99 to $9.99.
Major music labels Universal Music Group and EMI Music have signed on to sell their tracks on Amazon, as have thousands of independent labels. The company said several labels are selling their artists' music without copy protection for the first time on the Amazon store, including Alison Krauss on Rounder Records and Ani Difranco on Righteous Babe Records.
Amazon's store competes with Apple's market-leading iTunes, which is also offering some songs without so-called digital rights management technology, which prevents unauthorized copies from playing.
Amazon MP3, as the new section of the Web retailer's site is called, currently stocks nearly 2.3 million songs, all without copy-protection technology. Shoppers can buy and download individual songs or entire albums. The tracks can be copied to multiple computers, burned onto CDs and played on most types of PCs and portable devices, including the iPod and Microsoft Corp.'s Zune.
Songs cost 89 cents to 99 cents each and albums sell for $5.99 to $9.99.
Major music labels Universal Music Group and EMI Music have signed on to sell their tracks on Amazon, as have thousands of independent labels. The company said several labels are selling their artists' music without copy protection for the first time on the Amazon store, including Alison Krauss on Rounder Records and Ani Difranco on Righteous Babe Records.
Amazon's store competes with Apple's market-leading iTunes, which is also offering some songs without so-called digital rights management technology, which prevents unauthorized copies from playing.
Labels: AAPL, Amazon.com Inc., AMZN, Apple Inc., iTunes, Microsoft Corp., MSFT
posted by Stock Administrator @ 9:57 PM
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