Yahoo plans to launch an early version of a new flagship music service this week, in hopes of capturing some of the online music momentum now held by Apple Computer, sources familiar with the plans say.
With Tuesday's US$160 million purchase of Musicmatch, Yahoo sent a clear message that it is determined to be a major player in the fast-growing digital music business, despite its relatively late start.
With Apple Computer's dominance over the digital music business growing, Microsoft is planning to bolster its own online song store with a new subscription service later this year, sources familiar with the plans say.
Microsoft on Wednesday released a beta version of its highly expected online music download service, in hopes of unseating Apple Computer's dominance in the hot market.
MP3.com has launched a new subscription service in a move to raise money and reach profitability.
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