A Little Late to the Party
Via the Unofficial Apple Weblog, I read that Yahoo has purchased MusicMatch for $160 million, joining the increasingly-busy downloadable music space. This is great news for MusicMatch, who have toiled in the music player space for years. I never cared for their application (nor, for that matter, do I particularly like Winamp), but I’d say they have a decent user base.
I’m not so sure, however, about Yahoo’s wisdom in getting into this space. They are rather late to the online music party, what with, oh, Apple, Microsoft, AOL, Real and a thousand startups in the sector already. None of them are making money hand over fist, and I wonder if even Apple has broken even on their investment.
