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Nokia Buys Out Music Partner Loudeye

Article Comments  2  

Aug 8, 2006, 2:01 PM   by (staff)

Nokia today announced it will acquire music distributor Loudeye for about $60 million. The two companies previously entered a partnership to set up a mobile-compatible music store for Nokia handsets. Loudeye provides music downloads from a library of 1.6 million tracks to 60 different music stores, under the name of Loudeye's partners. These stores are PC based, but Nokia is looking to extend Loudeye's reach to mobile phones. Nokia will take advantage of Loudeye's Windows Media library and the Plays For Sure compatibility it pioneered in the N91 to bring computer based based downloads to its mobile phones. It also plans to extend the Loudeye music store to NSeries smartphones themselves for over the air downloads on 3G networks. The companies expect the deal to be complete by the end of 2006.



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Aug 14, 2006, 12:58 PM

wonder how are they going to market this

1.6 million tracks is a LOT of tunes, this gives them serious muscle to go up against the likes of iTunes. Providers like VZW already have their own music sales going on, I can't imagine them being very pleased if Nokia competes directly with them with a music download service that will put music on your phone. I wonder if Nokia plans on doing just that, or are they going to allow providers to sell music off their newly acquired catalog?

Aug 9, 2006, 10:52 PM


I bet this will mean great potential for the cellular music industry.
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