Our take: Amazon released a program that gives customers free digital versions of CD's they've purchased. Alistair Barr from Reuters writes about how this development could impact Apple and its competition with Amazon's digital store:
Amazon Thursday unveiled a service that increases competition with Apple's dominant iTunes store, launching Amazon AutoRip, which gives customers free digital versions of music CDs they purchase from the world's largest Internet retailer.
The digital music files are automatically stored in customer libraries in remote data centers run by Amazon, where they are available to play or download immediately through the company's Cloud Player service, the company said.
Amazon customers who have bought AutoRip-eligible CDs at any time since the company started selling discs in 1998 will also get digital versions of that music stored in their Cloud Player libraries for free, the company added.
More than 50,000 albums are available for AutoRip and Steve Boom, head of digital music at Amazon, said the company focused on music that has been the most popular among its customers during the past 15 years.
Read more about Amazon 'AutoRip' gives free digital music copy to CD buyers on Reuters.