Best Buy Throws Away $121 Million
I am all for competition. Competition is good. Does Best Buy really think they are coing to compete with iTunes? Seriously?
Best Buy Co Inc plans to buy digital music service Napster Inc for $121 million in cash in an effort to compete with Apple’s dominant iTunes service and its iPod music players.
Best Buy, one of the largest retailers of CDs, and Napster, once the best known name in digital music, both offer digital subscription services, but neither have mounted much of a challenge to Apple, which holds more than 70 percent of the U.S. digital music market.
As the owner of an iPod Nano 3G, I cannot see myself every using Napster or best Buy or whatever they become once they are merged. Why would I? Hell, even if I fired up my Zen Jukebox, which I still do from time to time, I would use iTunes long before anything else.
How are all those other iTunes competitors doing anyway? Bueller? Bueller?
Yeah, got it. If Best Buy wants to keep tossing money away like that, they can feel free to toss a couple million my way. I bet I can make it last longer than the deal with Napster will. Once this deal goes through, they’ll find their company shrinking and it won’t be caused by weight loss diet pills. It’s a no-win situation for them, I believe.






