Friday News: Music market controlled by four labels; Walmart says no to Kindle; eBook discounts are reaching 97%

Wait, it’s Friday already?

Universal-EMI Merger Could Yield New Mega-Label To Threaten The Future Of Music – Did the internet ruin record labels? I mean, Napster, Pandora, the decline of the CD and the rise of the low priced single heralded the end of labels, right? Apparently not. The four largest record labels currently control about 90 percent of the music market and FTC is considering whether to agree to a merger between Universal and EMI which would place control over 40% of the music mar...