Nokia buying Loudeye and launching mobile music

by Ryan Block posted Aug 8th 2006 at 9:21AM

Why buy the cow? Because the milk definitely ain't free; Nokia got a taste of their wares back in 2004, but today announced the were buying Loudeye outright. Nope, apparently Nokia just thought it would be cheaper to buy the firm, which (among other things) specializes in the wholesale setting up of new PlaysForSure partners, outright for 60 million. The intention is, we'd imagine, to push hard to bypass all this absurd carrier torpidity and make online digital music something that maybe isn't an incredibly expensive, incredibly painful experience for consumers. Of course, considering the problems they had knocking out their first PlaysForSure compatible ~~musicphone~~ um, multimedia computer, the N91, we might wonder how long they're going to take to make good on the promise. Either way, it looks if you were thinking of setting up shop online to compete with Yahoo and Napster and Real vending tunes, you should probably no longer be looking as closely at enlisting Loudeye's services as you once might have.

[Via Yahoo, thanks Mike]

Filed under: Multimedia, Nokia

Tags: acquisition, loudeye, nokia, online music, OnlineMusic

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Reader Comments (Page 1 of 1)

Neutral

greenlight @ Aug 8th 2006 10:42AM

So, a little jealous of Sony Ericssons PlayNow, are we?

Neutral

-_- @ Aug 8th 2006 4:09PM

by the time nokia gets this to market, se will be lightyears ahead. too bad for them.

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