For several years, one of the hottest topics in ebusiness has been what will happen with online music.

A generation of young people has grown up downloading and listening to music through unauthorized services. The mainstream music industry has responded with lawsuits and anti file-sharing advertising campaigns. It’s left a lot of people wondering if the world of music and the Internet would ever get along.

Magnatune is an interesting new ebusiness that is taking its cues from the success of open source software distribution. Magnatune is applying ideas from the world of open source software development to the world of music. They are doing this by licensing music with a Creative Commons license that lets people freely copy and share songs over the Internet.

Offsite Link: New music service sings a different tune