Wal Mart gets into the online music biz
And the new online music service of the week is... Wal Mart. The New York Post is reporting that the world's largest retailer will be throwing its hat into the music download ring.
The company is still finalizing deals with the five major music companies and has told music industry executives it could launch the service by Nov. 15. If it doesn't meet that date, the company hopes to launch the service by Thanksgiving, sources say.
Details on Wal Mart's service are scarce, and it's not clear what kind of encoding quality or pricing the new music service will offer. Wal Mart is known for everyday low prices, so I'd expect its music downloads to be at least as cheap as the competition. The company's incredible retail presence may help it win lower prices and less restrictive DRM restrictions from the major labels.