World’s Biggest Retailer To Launch Online Music Store

Wal-Mart is planning to launch an online music store. “It is unclear what Wal-Mart’s pricing strategy will be for music downloads. Prices on existing services range from 79 cents to 99 cents per song. But Wal-Mart, which accounts for roughly 20 percent of U.S. music sales, typically sells music at a loss to attract customers to its stores.”