Major players rewrite the music business

April 03, 2008 The song may remain the same, but a chorus of digital developments may be reshaping the struggling music industry's business model. Earlier in the day, Apple said that its iTunes Store has surpassed Wal-Mart to become the No. 1 music retailer in the U.S. With more than 50 million customers, iTunes has sold more than 4 billion songs and features the world's largest music catalog of more than 6 million songs, Apple said. Napster also had positive news to share Thursday, saying that it expects to report fiscal fourth-quarter revenue of $31 million, beating Wall Street estimates and the $29.1 million recorded in the year-ago period.

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