Nokia Purchases Music Distributor, Aims For Mobile Music Dominance

Posted: Aug 9 2006, 7:00am CDT | by , Updated: Aug 10 2010, 11:40pm CDT, in News | Mobile Phones

Nokia Purchases Music Distributor, Aims For Mobile Music Dominance
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Nokia recently announced that they have acquired LoudEye, a digital music distribution company, for $60 million. It comes as one of several recent acquisitions made by Nokia, since they crowned a new CEO. "Perhaps we are seeing a change of strategy by Nokia as it becomes more predatory acquiring companies to support its future objectives," said wireless telecoms consultant Ben Wood at Collins Consulting in Britain.

Nokia plans to unroll a "comprehensive music experience" for their handsets by 2007, probably much like Sprint's relatively successful proprietary moblie music store.This platform could also be used to launch other digital content such as video games. Lord knows Nokia can use all the help they can get when it comes to this area (yep, I'm making a reference to the N-Gage bomb).

There are a whole bunch of details that can be found in the wire story on this subject.

Report Published by: Mark Raby

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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