SanDisk, Majors Announce New SD Card Format – slotMusic
SanDisk, EMI, Warner Music Group, Universal Music Group and Sony BMG have announced a new album format, dubbed slotMusic, which will enable users to purchase complete record albums on a compact memory card. SlotMusic will be officially unveiled in October at several prominent retail outlets including Amazon, Wal-Mart and Best Buy. The new format is a major coup for SanDisk who is providing their technology to the new format. Each card...
Best Buy Acquires Napster For $121 Million
Best Buy has acquired Napster for $121 million in cash. The announcement provides Best Buy with a digital music store, and is part of their online expansion strategy. How they will leverage the digital retail component with their physical stores remains to be seen, but the two working in concert may provide additional revenue potential. “We can foresee Napster acting as a platform for accelerating our growth in the emerging...
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