Cocktail
San Francisco
- Apple (NASD: AAPL) has obtained licenses from the record labels to offer pre-made
ringtones, and is working to have them ready for next week's music-related
press event, CNET News.com reported, citing "music industry sources."
London
- The four major record labels have been developing a new digital music album format,
"CMX," that will combines songs, lyrics, artwork and videos into a
single file, the Times Online reported. Sony (NYSE: SNE) Music, Warner Music (NYSE: WMG), EMI and
Universal Music are said to have approached Apple 18 months ago about joining
the project, but were rebuffed by the iTunes Store operator -- which is itself now
working on a new digital album format called "Cocktail."
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