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Bell takes control of Puretracks music Bell Canada today announced that it acquired a majority interest in Puretracks, a music downloading service that competes with Apple iTunes, Yahoo! Music and Napster.
The company did not disclose how much they paid for controlling interest or what stake they now have in the company.
More info http://www.digitalhomecanada.com/content/view/1071/51/
The Canadian Recording Industry Association (CRIA), an organization that promotes the interests of Canadian record companies and artists, reported today that net music sales in Canada declined by $23 million, or 4 percent, to $608.7 million in 2005.
The CRIA said the decline resumes an almost decade-long spiral paralleling the rise of music file swapping on the Internet and continues unabated due to the failure of the Canadian government to enact much overdue copyright reform.
More info http://www.digitalhomecanada.com/content/view/1069/51/