In its second-largest acquisition, Amazon buys the company for $970 million.
Already calling it the world`s largest legal music download store, Buy.com today launched BuyMusic.com with 300,000 music tracks. Customers will be able to buy individual songs as well as albums.
Already calling it the world`s largest legal music download store, Buy.com today launched BuyMusic.com with 300,000 music tracks and plans to add more daily. Customers will be able to buy individual songs as well as albums. The new site also sells digital music players and other hardware. "BuyMusic.com will help turn the music industry right side up," Buy CEO and founder Scott Blum said.
BuyMusic sells individual songs at 79 cents each and albums from $7.95 from five leading record labels and thousands of independent labels. There are no subscription fees. "The recording industry is behind us 100%, and consumers are about to experience a whole new revolution in the way they purchase music," Blum said.
BuyMusic is offering users of PCs the same type of service available through Apple Computer Inc.`s iTunes Music Store at Apple.com/itunes.
Shoppers on BuyMusic.com will need access to Windows Media Player version 9.0, which can be freely downloaded from the site. BuyMusic provides a free 30-second preview of every song. BuyMusic is working with Muze Inc. to provide images, such as album covers and product descriptions.
Cary Sherman, president of the Recording Industry Association of America, said BuyMusic will play an important part in giving consumers an alternative to illegal file sharing of downloaded music. "This is what our campaign against illegal file sharing is all about--creating viable opportunities for new and existing legitimate services to grow and thrive in a dynamic online marketplace,” Sherman said.