Sony/ATV To Buy Famous Music Catalog From Viacom
Sony/ATV is set to announce the purchase of Viacom’s Famous Music publishing unit. Leaked details reveal the Famous catalog of roughly 12,500 works will sell for close to $370 million. The Famous Music collection includes tracks from Eminem and scores to many big films including The Godfather and Mission: Impossible. Viacom originally purchased the publishing unit from Paramount Pictures.
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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