updated 07:25 am EST, Mon March 8, 2004
Virgin\'s online music biz
, part of the Virgin Group, today announced plans to enter the online music store business. The company is developing its own jukebox software and will offer both individual song purchases as well as a subscription model. The store will use Microsoft's WMA format and is expected to launch by the end of August. "We're not afraid not to be first movers in this space. We think that if we time it right, it will be the second movers who win," Zack Zalon, president of Virgin Digital said in a statement.