Friday, May 20, 2005
MusicNow is future-driven - Chicago-based Web company slow to catch on, but isn't thinking about today
More important, he is hoping that Yahoo--just like Apple Computer and its iTunes Web site--will prod growth in the nascent digital music business, and that will be good for MusicNow.
...The service was one of the earlier entrants in digital music but it's still a small player, generally seen as trailing online competitors like Napster and RealNetworks' Rhapsody service.
...The digital music business is expected to grow quickly, with sales rising from just 1 percent of the $12 billion global music market in 2003 to an anticipated 12 percent by 2009, according to Jupiter Research.
...In the year since the Circuit City deal (Circuit City bought MusicNow), legal digital music sales have gotten a big boost from Apple.
...MusicNow and other sites offer paid downloads, like iTunes, but their business model is predicated on a subscription song rental service.
Chicago Tribune 5/19/05
...The service was one of the earlier entrants in digital music but it's still a small player, generally seen as trailing online competitors like Napster and RealNetworks' Rhapsody service.
...The digital music business is expected to grow quickly, with sales rising from just 1 percent of the $12 billion global music market in 2003 to an anticipated 12 percent by 2009, according to Jupiter Research.
...In the year since the Circuit City deal (Circuit City bought MusicNow), legal digital music sales have gotten a big boost from Apple.
...MusicNow and other sites offer paid downloads, like iTunes, but their business model is predicated on a subscription song rental service.
Chicago Tribune 5/19/05
# posted by Lynn Wegley @ 7:47 PM 
