Originally published March 16 2005
Yahoo to offer downloadable music service similar to iTunes
by Mike Adams, the Health Ranger, NaturalNews Editor
Yahoo is prepared to launch a new music download service similar to iTunes following its buyout of Musicmatch. After the acquisition of Musicmatch, Yahoo has well-regarded software with over 160,000 subscribers, putting it firmly into downloadable music market. Yahoo is hoping to leverage its new position to build the premium music service on the internet.
The buyout of Musicmatch by Yahoo brought the Web giant a well-regarded piece of jukebox software, a music download store similar to Apple's iTunes, a premium Net radio service with more than 160,000 subscribers, and a recently launched subscription service similar to RealNetworks' Rhapsody.
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Yahoo (Nasdaq: YHOO) is about to launch an online digital music store, and an iTunes-like player, according to various news reports.
Sources told Silicon.com and Cnet News that Yahoo has been working with digital-music wholesaler MusicNet for some time after its buyout of Musicmatch last September for US$160 million.
The Mac Observer was also privey to similar reports from analysts who had been briefed by Yahoo last week.
Analysts familiar with the service were shown software they described as very similar in style, design and layout to Apple's (Nasdaq: AAPL) iTunes Music Store.
Those same sources said Yahoo's service would match Apple's online pricing, offering a subscription service similar to that of Napster and launch by the end of March.
Yahoo is developing its own music player software, backed by MusicNet-provided downloads and subscriptions, that it plans to run alongside the recently purchased Musicmatch.
David Goldberg, who runs Yahoo's Launch digital music subsidiary, hinted in September of last year at large ambitions for the company's music service."We're making a big investment," he said at that time.
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