from The Wall Street Journal.
May 10, 2005
Yahoo plans to roll out an aggressively priced online-music service Wednesday, in a bold move to undercut rivals and win consumers over to a music subscription model in which they rent songs rather than buy them. The new service, dubbed Yahoo Music Unlimited, will give users unlimited access to over a million music tracks for $6.99 a month or $60 a year.
Just Got this in my Email! This will change the marketplace!
Here is a link to the article. It is behind the subscription wall.
UPDATE: From The AP
Under the rental model, consumers must pay a recurring fee and synchronize their portable music players with the subscription service at least once a month to preserve the music. If the subscription expires, the previously downloaded music becomes unplayable.
Renters also can’t transfer downloaded songs to a compact disc without paying an additional fee. Yahoo will charge its subscribers 79 cents to own a song, below the 99 cents-per-song price of Apple’s music store.
Yahoo’s subscription service is compatible only with MP3 players that use Microsoft Corp.’s digital music format. That means the service won’t work with Apple’s iPod, the most popular MP3 player. The list of 10 devices that will work with Yahoo’s service initially include Dell Inc.’s DJ player and Creative Technology Ltd.’s Zen Micro.