For years you’ve been using the well-supported, ubiquitous file format called MP3. It’s an international standard, it works just fine in every media player, and other universally-accepted formats are in place for the album artwork, lyrics, and what have you. Sounds like you’re ready for a new, unified format that no one has ever heard of and, if introduced five or six years ago, might have been revolutionary! Universal, Sony, Warner, and EMI are all throwing their weight behind

the CMX format, soon to be the laughing stock of the internet.Oh, did I mention that Apple, who makes like 200% of the MP3 makers in the USA, is making their own competing format, which pretty much guarantees that CMX will only be usable by things like Windows Media Player?

See the rest here:
In a Move I’m Calling “Too Little, Too Late, Too Proprietary,” Major Labels, Apple Are Introducing Their Own File Format