updated 11:00 am EDT, Fri September 2, 2005
Napster vs. iTunes
A BusinessWeek report looks at the from a illegal peer-to-peer music service in 1999 to a legimate music service that aims to compete with industry leader iTunes. "Napster is back. And it's hungry for a bite of Apple. In little over a year, the music sharing application has resurfaced to become iTunes' closest contender for the music download crown. But there's a twist in this cat's tale. Napster was bought back to life-from a bankruptcy auction." After transforming itself into a subscription-based music service, the report concludes "the legitimate music download market seems to be a two horse race between iTunes and Napster, with Apple enjoying the greater lead by far."