Microsoft launched its own per-song online music store back in September, 2004, but haven't managed to topple Apple's iTunes in terms of popularity and is also lagging behind Napster in terms of customers and revenue.
According to Microsoft, the new service would offer features like playlist-sharing and would provide additional "community features" that would allow users to interact with each others.
Microsoft's announcement sent Napster's shares down by 4 percent, while Apple's share price fell 4.9 percent after the report was published.
More information:
ZDNet
BBC
Written by: Petteri Pyyny @ 14 Jun 2005 1:06