It seems US retailer Wal-Mart isn’t the next iTunes after all. The company has announced that it is closing its MP3 download store later this month, having failed to make a dent in Apple’s dominant market share in the US. “After eight years in business, the Walmart Music Downloads Store located at will close on August 28, 2011,” explains a letter to partners uncovered by Digital Music News. “All content in the Store will be disabled and no longer available for download from the store.” Wal-Mart will continue to sell physical CDs in its stores and online, while running its streaming Wal-Mart Soundcheck site. However, a spokesperson confirms that people who bought DRM music files before its shift to MP3 in late 2008 won’t be left in the lurch. “We’ll continue to provide support to our customers who previously purchased digital music through Walmart Music Downloads so they may continue to enjoy and manage their existing WMA files.”

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