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Monday, July 7, 2003 |
Ecast service clobbered by iTunes Music Store. Online music distributor Ecast Inc. has closed its downloadable music operations, saying it couldn't spend the marketing dollars needed to compete with Apple and other online music stores, according to a Los Angeles Times article. The iTunes Music Store opened approximately two months ago. Its success (over five million tunes sold to date) has spurred Amazon.com, Yahoo, and Wal-Mart, among others, to explore competing offerings with several music industry executives predicting more downloadable music stores to open by Christmas, the LA Times reports. [MacCentral]
3:53:25 PM
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© Copyright 2006 William T Goodall.
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