Thursday, May 12, 2005

Yahoo Low-Cost Music Service Hurts Rivals

Yahoo Low-Cost Music Service Hurts Rivals - Yahoo! News
Wednesday's stock market reaction reflected a wide belief that Yahoo's music subscription service, introduced Wednesday, will force Napster and RealNetworks to either lower their prices or risk losing subscribers.
In an effort to make up for lost time in the booming digital music market, Yahoo is offering consumers unlimited access to a library of 1 million songs for as little as $4.99 per month, or about $60 annually.
Subscribers who don't want to make a one-year commitment can pay a rental fee of $6.99 per month.
Napster and RealNetworks charge $14.95 per month, or nearly $180 annually, for a comparable service that enables users to transfer songs from the Internet to portable MP3 players that use Microsoft Corp.'s digital music software.

Woohoo! Let the music wars begin!


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