World Briefing: Aug 23, 2004


As if Coca-Cola didn't have enough trouble with flat sales volume in the U.S., its fledgling online-music business in Europe is also losing fizz. In Britain back in January, the soft-drink company inaugurated which has so far sold about 530,000 tunes for $1.46 to $1.84 a pop. But then in June, Apple launched iTunes in Britain, France and Germany, offering a wider selection of songs for less money ($1.44 each). In its first week in Europe alone, iTunes sold 800,000 tracks. Napster and the Sony Connect store also have competing music sites, and WalMart...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!