(reg. req.) A shakeout appears under way in the online-music market, [faster than people expected it to be] as elusive profits and pressure from big companies has forced start-ups to shelve planned offerings or shop themselves around.
– MusicNow of Chicago has approached large retailers, technology companies and other online music sites for possible sale or investment
– OnDemandDistribution (or OD2, as it is knows), the European digital music company founded by Peter Gabriel, is also casting about for potential investors or acquirers; it has hired investment bank Broadview…
– Echo Inc, the music retailers’ consortium, never launched its service and its plans are now on hold…
For news on all of these companies, read our dedicated digital music section..
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