The US-based internet retailer, Amazon.com, founded by Jeff Bezos, is developing a strategy to sell digital music, books and films from its website as it looks to expand its appeal to the MP3 generation.
Brian McBride, the managing director of the retailer's UK arm, Amazon.co.uk, said that an announcement on the specifics of the strategy is likely later this year. Amazon is already in talks with film studios and record companies about selling digital content. "If we wait too long we miss the market," McBride said.
The talks are believed to centre around revenue splits and whether Amazon can bundle sales of digital and physical products for customers. Amazon is also exploring whether to launch its own hardware - akin to Apple's iPod - on which customers can play the products.