Word: amazon
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...Amazon's move was actually a strategic salvo in the great secret war of the $60 billion music industry, the fight over Digital Rights Management, usually known by the spine-tinglingly thrilling abbreviation DRM. What's DRM? An invisible layer of software that bodyguards a computer file and limits what you can and can't do with it. Buy a song from Apple's iTunes Media Store, for example, and you can copy the file to five computers but no more. That's because the song comes with Apple's DRM software, FairPlay, baked in, and FairPlay...
...would de-DRM every track on iTunes if only the labels would let him. (Jobs did broker a deal with one label, EMI, to sell DRM-free music, with higher audio quality. But it'll cost ya: DRM-free tracks will go for $1.29 vs. the standard 99¢.) Amazon is saying it's prepared to go skinny-dipping in the digital music pool: the company will sell all-nude, plain-vanilla MP3 files stripped...
...digital music store to sell MP3s, you had to really work to get excited about it. It's hard to think of a press release that would be less surprising. At this rate, my 3-year-old daughter will be opening a digital music store pretty soon. And Amazon's selling MP3s? It's a digital music store. What else would it sell...
...says he has fended off more than 30 venture capitalists offering to fund his company. He turned them down, Fried says, because he wants to keep control instead of selling out to a larger player, as VC-funded start-ups often do. Last July, though, Jeff Bezos, founder of Amazon, bought a minority share of 37signals with his own money, setting 37signals alongside space travel in the Bezos portfolio. Fried says he was impressed with the Amazon chief's appreciation of 37signals' ethos and felt having Bezos on his team would be helpful if he ever faced obstacles running...
Different species of piranhas that inhabit the Amazon River...