iTunes celebrates a decade, faces new challenges

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Posted: Wednesday, April 24, 2013 12:00 am

NEW YORK (AP) - When Apple launched its iTunes music store a decade ago amid the ashes of Napster, the music industry - reeling from the effects of online piracy - was anxious to see how the new music service would shake out.

"The sky was falling, and iTunes provided a place where we were going to monetize music and in theory stem the tide of piracy. So, it was certainly a solution for the time," said Michael McDonald, who co-founded ATO Records with Dave Matthews and whose Mick Management roster includes John Mayer and Ray LaMontagne.

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