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The Podium

Wednesday, May 26

Bad News, Good News

By Brad

The New York Times is reporting the Justice Department is digging into possible digital music shenanigans:

In March, Billboard magazine reported that Amazon was asking music labels to give it the exclusive right to sell certain forthcoming songs for one day before they went on sale more widely. In exchange, Amazon promised to include those songs in a promotion called the “MP3 Daily Deal” on its Web site.

The magazine reported that representatives of Apple’s iTunes music service were asking the labels not to participate in Amazon’s promotion, adding that Apple punished those that did by withdrawing marketing support for those songs on iTunes.

It’s not all bad news for Apple this morning, however. As TechCrunch notes, Steve Jobs’ little company has just passed none other than Microsoft in market cap — at least for the time being.

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