Media-Saturn

Maija Palmer

24-7 Entertainment

The digital music industry went into “shuffle” mode again on Wednesday, when Metro, the German retailer, said its Media-Saturn unit had acquired a controlling stake in 24-7 Entertainment, a UK-based distributor of digital music. Digital music, like social networking sites and internet operations, are being subsumed into more traditional businesses.

24-7 is a rival to Apple’s iTunes, and runs 41 download stores in 13 countries, including running the music stores for mobile operators like TDC of Denmark and supporting Sony Ericsson’s PlayNow service. Read more