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Tata group set to retail music online
Posted On: 03-10-2008 10:05:07 AM

The Tata group plans to get into music selling and book publishing to cash in on the growing spends of urban Indians on music and books. It will retail music online and is in talks with companies, both Indian and global, for copyrights to their library of recorded music. Music will be sold in custom singles, through a new online venture under the groupís book retailing arm, Landmark. The consumer will be able to choose the track he wants, pay for it and download it to any MP3 device or a CD. The company will function as an aggregator of music content, giving the consumer the option to buy only the tracks he wants. The service is expected to be up and running this year. However, music companies are apprehensive since they fear that sales of their CDs will take a hit if tracks are unbundled and sold as singles. The group has assured music publishers of technology that ensures all downloads are correctly accounted for.

 
 
 

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