NY Post: Wal-Mart to offer online music store | iLounge News

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NY Post: Wal-Mart to offer online music store

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By Dennis Lloyd

Publisher, iLounge
Published: Thursday, November 6, 2003
News Categories: Digital Media

“Wal-Mart, the world’s largest retailer, has told the music industry it expects to unveil an online music store this month, The Post has learned.

The company is still finalizing deals with the five major music companies and has told music industry executives it could launch the service by Nov. 15. If it doesn’t meet that date, the company hopes to launch the service by Thanksgiving, sources say.”

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Yes, Wal-Mart is the largest retail seller of music in the United States.  That’s why they have the clout to demand “sanitized” versions of CDs and record companies comply.  Because otherwise the record companies would lose access to the largest music retailer in the country.

Wal-Mart’s policies are a little scary, but if they can introduce price pressures and force their competition to reduce costs to consumers, then they’re entry into this marketplace is a good thing, like I said above.

Even if none of us would never be caught dead buying toilet paper, let alone music, at a Wal-Mart.

Posted by gordyhulten in Urbana, IL on November 7, 2003 at 7:59 AM (PDT)

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