Apparently Amazon is going to enter the music resale business, preparing to launch later this year with millions of songs. The catch? All the music will be free of copy protection technology that limits where people can actually play the music. This means that anyone can download tons of copies of any given song, and send them wherever they’d like.

The digital music industry as a whole is on its way to allowing users more options with the music they purchase. DRM, or digital rights management, has been heavily pushed by the music industry to prevent piracy. But, the companies say it restricts the consumer and limits the growth of legal music users.

Apparently the companies are winning this battle, because not only will Amazon have copy protection free music, but Warner Music Group (WMG) and Vivendi’s Universe Music too will not be supporting DRM.

One last note here about this whole deal that I found interesting. EMI Group Plc (EMI.L) is the company that has licensed its digital catalog to Amazon. These guys also announced a deal with Apple (AAPL) and the iTunes online music store in April. The .L means the stock is traded on the London stock exchange if I am correct, and perhaps the stock is worth looking at and considering? The last I have on it is $242.25.

If you enjoyed this post, make sure to subscribe to the feed!

Related Posts:

• ST101 Week in Review 2
• BIG NEWS: Record Companies Win a Music Sharing Trial, The End is Near
• Signed Book Giveaway, Last Call
• $20 Giveaway
• Google, Amazon, Cisco Stock Charts

Filed Under Stock Talk and Stock Market News |
Subscribe to the Blog | Recieve Blog Updates by Email!

----------------------------------------

Share Your Knowledge »