Labels to serve digital albums to iTunes rivals
When news broke late Sunday that Apple has plans to create the next-generation music album, some in the record industry were steamed.
The Financial Times reported that Apple was working on a plan code-named "Cocktail" that involves the creation of "new type of interactive album material, including photos, lyric sheets and liner notes that allow users to click through to items that they find most interesting." That's nearly identical to a plan that executives from some of the four largest music labels pitched Apple about 18 months ago, said a music industry source who requested … Read more