Walmart Bails On Music Downloads
August 10, 2011 at 6:32 AM (PT)
In the race for music download supremacy, WALMART is crying "uncle," pulling out of the competition with iTUNES and AMAZON by shutting the virtual doors on the WALMART MUSIC DOWNLOADS STORE.
According to a company statement, "After eight years in business, the WALMART MUSIC DOWNLOADS STORE will close on AUGUST 28th, 2011. All content in the Store will be disabled and no longer available for download from the store."
WALMART was selling current MP3s for as little as 88 cents, as opposed to iTUNES' 99-cent pricing, with catalog downloads for 74 cents per track. WALMART still plans to sell actual physical CDs at all of its stores and online, and its WALMART SOUNDCHECK streaming site will remain in operation online.