November 25, 2004

Searching for the Business Model [12:57 pm]

3 Music Companies Will Use Online File-Sharing Service

Details of the software and pricing were not released, but the company said its service would allow consumers to buy and share music, video clips and other material, while ensuring “that artists and rights holders receive their due compensation for each file shared on the network.”

[...] “The online media market is presently split between authorized legal paid-download services and unauthorized free services,” Greg Kerber, Wurld Media’s chairman and chief executive, said in a statement. “The consumer is stuck somewhere in the middle, and that’s where Peer Impact comes in.”

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