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With its new Walkman music player, Sony has broken with its tradition of promoting its own proprietary formats. The NW-HD3 will let users import and export tracks in the MP3 format, a concession to the format's near-universal popularity and an admission of the failed appeal of Atrac, Sony's own music-playing software. MP3 compatibility should give the player appeal to a wider audience than a Sony-only machine.

Concord and Fantasy: Berkeley, CA–based Fantasy Records has been sold to Concord Records of Beverly Hills in a deal valued at $83 million, according to a December 4 report from Billboard. The music enterprise of film producer Saul Zaentz and partners, Fantasy is well known for its huge catalog of works by jazz greats Count Basie, John Coltrane, the Modern Jazz Quartet, Miles Davis, Bill Evans, Ella Fitzgerald, Thelonious Monk, Joe Pass, Oscar Peterson, and Sarah Vaughan, as well as soul and blues stars the Dramatics, Isaac Hayes, Albert King, the Staple Singers, and Johnnie Taylor.

Tweeter's new look: Tweeter Home Entertainment Group is entering the first phase of a massive makeover—with redesigned stores and a new marketing approach emphasizing custom installation and media-server–based home-theater products. The company will de-emphasize individual components and pitch its services toward women, who make most decisions about home entertainment and home décor. The company's pitch will be "We can untangle your mind," a reference to the widespread frustration with semi-compatible and often incomprehensible technologies. Over the next 18 months, Tweeter will consolidate its various regional chains under a single brand name, with a prototype 14,500 sq. ft. store in the Las Vegas suburb of Summerlin, NV to be launched at the upcoming Consumer Electronics Show (CES).

Audiophiles cringe at the idea of downloading blurry, compressed representations of once-detailed recordings (even CD seems high-rez these days). But that hasn't stopped average music fans from trying online music services.

Dolby">http://www.dolby.com">Dolby Laboratories founder and chairman Ray Dolby has been formally inducted into Britain's Royal Academy of Engineering.

First, a prediction: some day we'll buy the nearly complete music library and the player will be free. Imagine getting a player pre-loaded with most songs in your favorite genre already installed, with room left over to add more and a subscription service for instant updates. Imagine even being able to buy the high-resolution library.

DualDisc has apparently stumbled hard right out of the gate. Earlier this year, test marketing of the DualDisc in Boston and Seattle indicated that music fans would eagerly accept the new format, one that combines standard Compact Disc audio content on one side with DVD (audio and video) on the other.