Rob Wells News
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Rhapsody International Inc., the largest U.S. music-streaming service, bought Napster Inc.’s businesses in Germany and the U.K. as it seeks to double its more than 1 million subscribers.
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Google Inc., the world’s largest Internet-search company, introduced a music service that lets people buy songs through the Android Market, stepping up competition with Apple Inc.’s iTunes store.
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Sony Corp. and the world’s major record labels, are starting their own music streaming service in the U.S. this quarter that will challenge Apple Inc. ’s iTunes, after years of letting start-ups license their artists.
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The music industry may emerge from its post-Napster doldrums as legal music-streaming services such as Vivendi SA- and Sony Corp.-backed Vevo add users and companies step up music sponsorship.
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The following are some of the important stories that broke overnight, and newspaper summaries in India today:
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Online news, video, and music providers are becoming increasingly open to charging for at least part of their content as paywall experiments by pioneers like London’s Times show that some customers will pay.
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Universal Music Group and Reliance Communications Ltd. are expected to announce today they will introduce a 3G music service in India, the Financial Times reported, citing Rob Wells, senior vice president for digital at Universal.
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The following companies may have unusual price changes in India trading . Stock symbols are in parentheses and share prices are as of the last close .
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