Financial Times FT.com

Sony to close online music store

By Paul Taylor in New York

Published: August 31 2007 00:21 | Last updated: August 31 2007 00:21

Sony is closing its online music store and abandoning its proprietary digital audio format in favour of more successful MP3 and other ‘open’ format options.

The Japanese electronics group announced the strategy shift on Thursday at the launch of its line of Walkman portable music players.

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