Wal-Mart Closing MP3 Store

• August 12, 2011 [print-me target="div.post-title, div.post-meta, div.post-body" do_not_print=".twitterLink, .sharedaddy, .jp-relatedposts, .fb-comments-title, .fb-comments-text, .fb-comments, .post-comments" tag="span" class="print-me-container"]

Digital Music News is reporting that after 7 years, Wal-Mart is closing its online MP3 store on Aug 29.

In an effort to compete with Apple’s iTunes store, Wal-Mart began offering digital music in 2003 at more competitive and lower price points. However, Wal-Mart was never successful at taking significant market share away from iTunes.

According to the article, a certified letter was recently sent to distribution and licensing partners, and shared exclusively with Digital Music News.

To read the full article click here.

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Sherod Robertson is President and Owner of MusicRow Enterprises. He oversees all operations and develops strategic initiatives for MusicRow magazine, RowFax, and MusicRow's CountryBreakout chart. Robertson previously served as Director of Finance of Arista Records after beginning his career as Vice President of Finance and CFO at Reunion Records.

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