WSJ: Real Networks to compete with Apple iTMS
Apple’s iTunes Music Store is to face competition from Real Networks, which will today announce a music download service for only 79 cents a track. According to the Wall Street Journal, the service will be based on the Rhapsody service from listen.com, which Real bought last month.
The move means Real won’t push Musicnet any more, a joint venture between it and major firms EMI, AOL and Bertelsmann. But the Journal points out that Real Networks owns 40 per cent of Musicnet and has already plunged an estimated $4 million into the service. Most people are waiting to see what Microsoft will do, as the race to sell music online gathers pace.
- iTunes music sales down at least 13 percent worldwide
- Apple working to cut music subscription prices
- Apple formally debuts iTunes 12 after three months of betas
- U2’s Bono apologizes for automatic iTunes album download
- Apple releases another iTunes 12 beta
- Apple and U2 working on ‘secret project’ to boost music sales
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