“You could hardly call it a resounding success. Echo, the would-be digital music consortium of U.S. music retailers, appears ready to bite the dust before selling a single bit. Industry observers expect an official announcement about Echo’s future in the coming weeks,” Scott Banerjee and Ken Schlager report for Billboard.
“In the meantime, Echo’s key backers — Best Buy, Borders Group, Hastings Entertainment, Tower Records, Trans World Entertainment and Virgin Entertainment — are moving ahead with their own plans at their own pace for the digital space,” Banerjee and Schlager report.
“But Echo was probably doomed from the start… What the partners could not foresee was the entry of a potent music retail competitor just three months after they announced Echo’s formation,” Banerjee and Schlager report. “Apple Computer’s iTunes Music Store forever changed the online music landscape, setting a new standard for consumer friendliness and brand identity.”
Full article here.
MacDailyNews Take: Another One Bites the Dust.