GO
Loading...

Amazon.com To Launch Digital Music Store

AFX
Wednesday, 16 May 2007 | 10:27 AM ET

Online retailer Amazon.com said Wednesday it plans to launch a digital music store later this year featuring songs without copy protection restrictions.

The store will feature millions of songs from 12,000 labels able to be played on a range of devices including iPods, Microsoft's Zune players and personal computers. Files will be offered in the standard MP3 format.

EMI Music is the latest to license its music catalog to the store.

Amazon did not say how much songs would cost or the terms on which it would offer music -- per song, per album, by subscription or some combination of those plans. It also did not specify a date for the launch of the store.

Amazon.com shares rose 40 cents to $60.98 in morning trading.

  Price   Change %Change
AMZN
---

Featured

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • Mad Money's Jim Cramer discusses Micron Technology and how the company gained control over inventory issues. The bears expect the company's history to repeat itself, but Cramer says this time, it feels different.

  • In this excerpt from a live CNBC interview, Warren Buffett explains why it's extremely unusual for a company's directors to vote against executive compensation plans.

  • Mad Money host Jim Cramer says shareholder activism works for every shareholder, and offers his take on the Valeant/Bill Ackman bid to acquire Allergan. The market is better off for these efforts, he says.