More music download site musical chairs: CNET Networks will buy MP3.com, one of the first online music services, from Vivendi Universal Net USA. AP reports that CNET, an online magazine/download site, will launch new digital music service launching next year. Vivendi acquired MP3.com in May 2001 in a $372 million cash-and-stock deal.
Emusic.com, the pioneer among online music sites, has been sold, and, more importantly, is scaling back its service. It’s still the only service offering downloads in the standard MP3 format, still has the best selection of independent labels, but is now owned by Dimensional Associates LLC, a private equity group, but has limited its main subscriber base, paying… Read More »