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DRM-Free Music Giant EMI Agrees to Takeover
Posted by: Tweaker
Date added: 09:07, 24th May 2007 GMT
Source: PC World News
The music group behind Apples DRM (digital rights management) free iTunes has agreed to be bought by private equity firm Terra Firma for £3.2 billion (US$6.4 billion). EMI has been the subject of bid speculation for the past year as its business has struggled. In early April EMI and Apple announced the sale DRM-free versions of EMI artists songs through Apples online iTunes store.
EMI previously rejected a takeover bid from rival Warner Music. Warner has come out against DRM-free music. But, speaking a few weeks ago, EMI wouldnt comment on what might happen to the DRM-free music if the company was bought.
DRM-free tracks from EMI are offered at 256Kbps AAC encoding and for just £0.99 per song. iTunes users are also able to upgrade their entire library of all previously purchased EMI content to the higher quality DRM-free versions for £0.20 per song.
The DRM-free iTunes files dont change the law on illegal sharing of copyrighted music. But they mean theres no limit on the types of devices or number of computers that purchased iTunes songs from EMI artists can be played on.
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