CBS Buys Last.fm For $280 Million
CBS has bought Last.fm, the community-based music-recommendation network, for $280 million in cash. The purchase follows CBS’ recent interest in more interactive companies, including Wallstrip.com, Joost and Spot Runner. Since its launch in 2002, Last.FM has grown as a online music service that allows fans with similar tastes to connect. The London-based service has more than 15 million active users in over 200 countries, and...
Apple Updates iTunes To Version 7.2
Apple has updated iTunes to version 7.2, which will allow DRM-free music to be downloaded for $1.29 per song. The much anticipated DRM-free catalog from EMI will be available shortly. The enhanced 256kbps tracks are offered in the unprotected AAC format, and not as MP3’s. Apple is calling the unprotected offering “iTunes Plus,” and support the fair-use philosophy. “These DRM-free songs, called ‘iTunes...
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