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LA Times: Apple to Launch Digital Music Subscription Service for Mac

Authored by Mark Hefflinger on March 4, 2003 - 1:59am.
Los Angeles -- The Los Angeles Times reported on Tuesday that Apple is planning to launch a major digital music service using the Advanced Audio Codec (AAC), a higher-fidelity and more secure digital format than the ubiquitous MP3. Although no licensing deals for the service have been announced, four of five major labels are reportedly close to licensing their songs. "This is exactly what the music industry has been waiting for," one person familiar with the negotiations told The Times. "It's hip. It's quick. It's easy. If people on the Internet are actually interested in buying music, not just stealing it, this is the answer." The service would only be available to Mac users -- a paltry 3 percent of the total computer market -- but Apple CEO Steve Jobs has reportedly personally pitched it to label executives. Apple has come under fire for the marketing behind its popular iPod digital music player, which some music industry insiders have said encourages piracy. http://www.latimes.com/business/la-fi-music4mar04,1,7646945.story?co
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http://news.com.com/2100-1027-990996.html
tags: Apple | Subscription | LA Times | Digital Music | Mac |



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