Yahoo Gets Ready to Open Digital Music Store

It looks like Apple's iTunes, Real's Rhapsody, and other digital music download services will have a new competitor, Yahoo.

According to a Silicon.com article: iTunes gets a Yahoo! rival, Yahoo! will to unveil a digital music service and player by the end of this month.

As previously reported, Yahoo! has been working on the project along with digital-music wholesaler MusicNet since before the $160m purchase of rival music company Musicmatch. Sources familiar with Yahoo!'s plans said the new store and software had been scheduled to debut early this week but that the launch date was pushed back.

Yahoo! recently rebranded all of their music properties, including the top-rated LAUNCH, as Yahoo! Music. Last September, Yahoo! purchased Musicmatch, an online jukebox and digital music download service for $160 million in cash.

Btw, in case you're wondering, Google owns the domain name, GoogleMusic.com. (-: