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Facebook to rival iTunes?

7 October 2007 17:57 by James "Dela" Delahunty | 3 comments

Facebook to rival iTunes? According to rumors doing the rounds, Facebook is currently working on a project that would rival Apple Inc.'s successful iTunes multimedia download store. According to AllFacebook blogger Nick O'Neill, the company is in the process of looking for an executive to head the division and is already in talks with record companies.

It's unclear whether such a service would be for just music downloads or also for movie and video downloads. Recent developments with DRM, combined with disputes between Apple and content providers, has hit iTunes pretty hard, with some companies like NBC Universal walking away from the service completely.

The fact that many record company executives are displeased with Apple's business model for iTunes is not much of a secret either. Facebook could serve as a good rival for iTunes, and could certainly use the new business venture to ensure future profitability. Industry experts have agreed that Facebook needs to come up with innovative ways to make money for its future financial health.

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Discuss this article! 
pets34me (Member) 8 October 2007 6:21 Send private message to this user   
sorry, I don't like spelling errors. It's project not protect.
ps. I make spelling errors a lot lol...
[ + quote]
shuboy00 (Junior Member) 8 October 2007 6:38 Send private message to this user   
I caught that sp error too... Facebook will try just about anything! It will be interesting to see if it's just music or if it will include videos and movies as well.
[ + quote]
borhan9 (AfterDawn Addict) 18 October 2007 17:29 Send private message to this user   
I do not see this as a move in the right direction. However i do like how you guys would put music and video through the site. I just dont think selling music through their site would work as well.
[ + quote]
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