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Wednesday, August 09, 2006

 

Nokia Buys Loudeye

 

In order to have a stronger hold on the mobile music market, Nokia announced it will acquired the US-based digital music distributor Loudeye Corp. for about $60 million. Nokia can now offer consumers a comprehensive mobile music experience, including devices, applications and the ability to purchase digital music.

Being one of the top cell phone manufacturer, Nokia will be able to leverage Loudeye's 60 live services in over 20 countries and multiple languages across Europe and South Africa, Australia and New Zealand. Loudeye distribute rights and content from all the major labels and hundreds of independents and currently offers licensed catalog and complete media for over 1.6 million tracks.

And it will not be a hard cross-over since almost all of Nokia devices have a music player and every Nokia Nseries device incorporates a music player, high memory capacity and an FM radio, as well as support for a wide range of digital music formats including MP3, M4A, AAC and WMA. So consumers can quickly and easily find and purchase music over the air and download it to your device from your music store. And if you have an older phone, you can put music from your computer onto your phone.

It will be exciting to see all the competitiveness in the cell phone world.

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| posted by truongn2 at 4:14 PM


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