WSJ basically calls MusicNet a failure

“Early last December, three of the world’s biggest music companies launched a counterattack against the rampant digital piracy that has gnawed at their sales in recent years. It was called MusicNet, a joint venture that would provide consumers with a legal alternative to Napster Inc. and other freewheeling Internet song-swapping services. Within A couple of weeks, the results were clear. As MusicNet Chief Executive Alan McGlade told the venture’s board: ‘The current version of the service is not viable.’ It isn’t hard to see why.” Click here for the full Wall Street Journal article at MSNBC.com.