“With more than half a million songs available at the click of a mouse, a music revolution will launch across Europe this week,” Charles Arthur reports for The Independent.
“For the iPod generation, it will be the only way to buy music. The iTunes Music Store — which has already taken America by storm — will be available to British consumers from Tuesday.
The service will be launched by the charismatic chief executive of Apple Computer, Steve Jobs, making a rare visit to London. And that will set in train a process that could see high street record shops struggling to compete within a few years. Apple aims to dominate the burgeoning online music business, which analysts expect to be worth billions of pounds in the next few years as high-speed connections become more common in the home and make downloading the multi-megabyte music files quick and painless,” Arthur reports.
“The company is already basking in the success of the American version, launched in April 2003 and which now commands 70 percent of the online market there, having sold one million tracks in its first week, and 85 million so far. The site is available only to customers with a credit card with a US billing address, excluding European buyers,” Arthur reports. “‘That’s only one percent of all legal music sales,’ said Rob Schoeben, Apple’s head of product marketing. ‘But it also represents a technological disruption, to gain one percent in just one year. And, you know, there’s a lot of headroom for us to grow into.'”
Full article here.