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NEW YORK -- Viacom Inc.'s MTV Networks and RealNetworks Inc. will merge their online-music services to take a bigger share of the market dominated by Apple Inc. RealNetworks shares surged 7.7 percent. read more »
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The record industry is in dire trouble and the major record companies know it. According to the IFPI’s most recent figures, “physical” music sales were down 11% to $17.5bn in 2006, and, blaming piracy — both CD copying and online file-sharing — the IFPI says that overall music sales have fallen for read more »
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