“Apple Computer Inc. is readying to launch an online service that will cut straight to the core of digital music distribution, winning the praise of some record executives who see it is as a weapon against online piracy,” Reuters reports.
“Music executives who have seen Apple’s upcoming service said it is simple to use, offers single songs from a deep catalog and — unlike Kazaa and the other pirate services that have picked up where the now-defunct Napster left off — it pays royalties to the troubled record industry,” says Reuters.
According to Reuters, “Apple’s new service will feature songs from all five major record labels, link with its iTunes music software and allow for easy downloading to the iPod, Apples popular digital music player, people familiar with the matter said. The new music service is expected to be unveiled on or around April 28.”
‘It’s exactly the system that should have existed five years ago,’ said one record industry executive,” Reuters reports.
“Apple’s service will only be available to Mac users, who represent less than 3 percent of the global PC market, but at least one music executive also expects the service will be available in a Windows version as well in coming months. ‘It’s good right now only for the Apple market, because frankly, that’s how Jobs was able to persuade everyone to give him licensing deals,’ one executive said. Jobs still must convince fans to pay for music they have grown accustomed to getting for free,” syas Reuters.
Full article here.