Echo, the digital music consortium formed by six of the biggest music retailers, has halted any further work. Mounting development costs, a glut of rivals offering bargain-rate services, and smaller-than-hoped-for sales across the online-music spectrum, even at Apple’s successful store, have led the big retailers to pull funding for the project, its founders say.
The move spotlights the deeply mixed feelings that many of the big offline retailers have toward digital music.
Related:
– Echo Is Not Going to Work
– 6 Retailers Plan Venture to Sell Music on the Web
– Rainy Days for Online-Music Start-Ups
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