May 31, 2001

Sue, settle and buy: The Net music shopping spree

Author: JT Smith

Anonymous Reader writes, "The record companies are buying Net music companies because they want to profit from Net music, there is nothing wrong with that. Just buying Net music sites is not enough though, they want to dominate it by combining these sites and their audience into two uber-sites namely MusicNet and Duet. The problem is they are already charging too much, increasing by more than double the $8.99 standard cost for an MP3 album set by the recently purchased EMusic.com. That is a sign of an oligopoly's influence. An oligopoly can do that by eliminating choice, which is what these acquisitions accomplish." The story's at mp3newswire.net.
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