Monday, April 29, 2013

iTunes Celebrates a Decade, Faces New Challenges

NEW YORK (AP) -- When Apple launched its iTunes music store a decade ago amid the ashes of Napster, the music industry - reeling from the effects of online piracy - was anxious to see how the new music service would shake out.


"The sky was falling, and iTunes provided a place where we were going to monetize music and in theory stem the tide of piracy. So, it was certainly a solution for the time," said Michael McDonald, who co-founded ATO Records with Dave Matthews and whose Mick Management roster includes John Mayer and Ray LaMontagne.  More