Yahoo to enter digital music space with iTunes-esque service

Yahoo iTMS

When Yahoo bought Musicmatch for $160 million in September of last year, they had some big plans in mind that are now coming to fruition. They're about to launch an online music service that will combine the digital download pricing reminiscent of the iTunes Music Store with a subscription-based service similar to that of Napster. Yahoo is developing its own music player software that will be backed by MusicNet-provided downloads and subscriptions. Analysts who've been privy to a view of the Yahoo store are reporting that it looks not dissimilar in style, design and layout to Apple's iTunes Music Store. Ready the lawyers!