Petteri Pyyny
20 Nov 2002 14:25
World's largest record label, Universal Music Group, announced today that it will start offering downloadable tracks and albums from its music catalog through 25 online retailers.
Label, owned by French Vivendi Universal, will use Liquid Audio as its format and users who download tracks will be able to burn the music to CDs and transfer downloaded tracks to portable media players that support Liquid Audio (very few "MP3 players" support Liquid Audio..).
Each track will cost $0.99 and full albums will cost $9.99, making the downloaded version of a CD slightly cheaper than that bought as a physical CD. Universal said it was kicking off the initiative by making the new single from Mariah Carey available online before the release of her upcoming album.
Source: San Fransisco Chronicle