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Tim Ireland/PA Wire
Apple

HMV to take on Apple

Should Steve Jobs be worried?

RETAIL GIANT HMV is set to take on the might of Apple’s iTunes.

The traditional music store is to open a new online outlet called HMVdigital. The store is powered by 7Digital, a download and streaming service that powers Spotify. HMV bought a 50% stake in 7Digital last September.

Songs on the site are being offered at the same price as those on Itunes – £0.99 but the top 40 singles will be sold at only £0.40. Apple charges a premium for its most popular songs. The site is offering a library of over 10million tracks.

As part of the new launch, HMV is offering five tracks for free on a first-come-first-served basis. Songs downloaded on HMV Digital will automatically synchronises with iTunes or Windows Media Player libraries and users can re-download tracks if they lose them.

Chart albums cost from £4.99.

HMV is one of the last big music stores standing after the collapse of Zavvi and Woolworths. The move is part of a new strategy for the organisation.

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