Filed under: Audio, Business, Internet
AnywhereCD online music store closing its doors
Online music retailer AnywhereCD is closing down within the next few days. The online retailer took a different approach toward music sales than pretty much anybody else around. The company's business model was based around selling CDs and throwing in free MP3 downloads. Or maybe it was the other way around.If you ask us, there were two fatal flaws in the plan:
- They were selling DRM-free tracks, which kept many record labels from signing on (they had only managed to get a contract with Universal).
- They were hardly adding any value to your CD purchase, since anyone who buys a CD can rip their own MP3s just as easily as they can download them from the internet.
[via paidContent and socalTECH]