MTV, RealNetwork, merge online music service to compete with iTunes
MTV and RealNetworks are set to merge to launch a joint online digital-music site an attempt to compete with Apple’s iTunes store.
MTV is reported to be closing its existing online music service Urge, to venture with RealNetwork’s Rhapsody.
The two music companies were supposed to announce this at a press conference tomorrow, 11am EST. News about the merger, however, slipped out because of failure to put journalists to a non-disclosure agreement. Details of the joint venture will be revealed tomorrow.
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