Yahoo closes premium music service

Yahoo shut its premium music download service today, redirecting all traffic to Real Networks’ Rhapsody service. This is in direct relation to Apple’s dominance of the online music service through the iTunes Music Store. Although this may be fairly short lived if Microsft is successful in its takeover bid of Yahoo who will be seeking to strengthen its music delivery channels for its Zune music player.

38% of people pay for Radiohead album

English band Radiohead challenged the deeply rooted traditions of the music industry last month when they released their latest album online allowing their fans to determine how much they wanted to pay for the album.

More than one third of consumers that have downloaded the album have paid for it, even though they could download it for free.

People offered to bay the averagel price of £3.85 for the allbum. Initial estimates (and these are only estimates as radiohead has not released any official stats) put income in the range of 10 million pounds within the first month.