News: Live Nation Ready To Compete W/ iTunes
Wednesday, Nov 12, 2008 9:50AM
Mega concert promoter Live Nation will begin a new business venture soon with plans to start selling music online.
According to Wired, the company responsible for signing major acts like Jay-Z and Madonna
along with creating their own ticketing service and record label is set
to compete with major online MP3 retailer iTunes with their new project.
Live
Nation is expected to sell unprotected MP3s from three of the four
major record labels including Sony Music, Universal Music Group and
EMI. The company will be able to draw consumers to a particular
artist's page via their own site, a feature iTunes has reportedly
lacked upon.
Continuing
to offer fans a more direct link to the artists, Live Nation will jump
start the new venture through their MusicToday division known for
managing popular rock clients likethe Rolling Stones, Grateful Dead and the Dave Matthews Band.
Once
the plan goes through, the company will be able to provide fans with
more in-depth artist pages likely to feature videos, blogs, comment
sections and images.
Live Nation has yet to release a date for when they expect to begin their online music venture.
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