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Tuesday, October 04, 2005

‘Thanks But No Thanks For The Music’ At Microsoft

Stating that the major labels want too big a cut of digital music sales revenues, Bill Gates and Steve Jobs have announced that Microsoft has “postponed indefinitely” plans to launch their own subscription based music service.

The industry's decline in physical CD sales has been bolstered by the increased popularity of digital music downloads, sales of which have more than tripled in the past year (to $790 million) which amounts to 6% of the industry's total sales of $13.2 billion.

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