Napster Will Only Sell MP3 Downloads Starting This Spring
Napster has disclosed that it will only sell digital downloads in the MP3 format starting in the second quarter of 2008. The announcement, the latest blow to copy protection, comes on the heels of Sony BMG’s decision last week to allow MP3 sales of its catalog. Napster utilized Microsoft’s Windows-based digital rights management (DRM) for copy protection. Napster claims it has 750,000 subscribers who use both its music...
American Music Sales Plunge 15% In 2007
The American music industry continued its tailspin with album sales plummeting 15% in 2007. Sales of physical and digital albums dropped to 500.5 million units, as the music industry faced a shortage of quality releases and competition from video games, which have been on a tear. The results marked the lowest tally and the steepest decline since Nielsen began publishing estimates based on point-of-sales data in 1993. The peak year in...
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