Sunday, November 16, 2003

MP3.com Sells Out to CNet

From No Rock and Roll Fun:

"So, MP3.com has been sold to CNet, who have big plans for the site. It's going to become 'the place you go to find out about music.' Which is great - perhaps - but part of that involves closing down the whole current MP3.com in the first week of December, and deleting the three quarters of a million tracks that people have trusted to the service. In other words, CNet appear to have bought a service that was working pretty damn well, and doing something fairly unique, and thrown out the very reason why it was popular. So it seems they were merely interested in the domain name. Vivendi Universal get something to set against their massive pile of debt; CNet get a nifty web address. Hundreds of thousands of bands get shafted as a result. "



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