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Amazon becomes #2 in digital music sales

Submitted by: KnightMare @ 09:48 PM | Wednesday, March 26, 2008 | (url: http://news.yahoo...)

Amazon's (AMZN) MP3 store - which sells only songs without copy protection - has quietly become No. 2 in digital sales since opening nearly six months ago. That's even though Apple (AAPL) dominates digital music with its iTunes Store (the second-largest music retailer in the world, after Wal-Mart) (WMT) and its hugely popular iPod.

The push for copy-protection-free music began nearly a year ago, when Apple and major label EMI shocked the industry by announcing a landmark arrangement to sell 150,000 songs without digital rights management (DRM) software. It was the first time a major label had agreed to such terms.