Major Labels Create Free Download Service
In a startling turn of events, it appears that the major music labels are finally willing embrace the idea of file-sharing and limited consumer downloads. Warner, EMI, Sony and Universal have all agreed to end the finger-pointing and embrace the grassroots opportunities of live streams and low-density mp3s. The four labels have joined forces to create a new downloading and streaming service called Free Unlimited. Epic Records President Charles Walk (a former Camp Bauercrest bunkmate of site editor Dean Budnick) explains, Were so happy to finally enter the new millennium with the creation of FU. The service will cost consumers $1.09 per track.