NEWS Digital-media company Loudeye has announced a deal with Nokia to develop a wireless music platform for mobile service providers.
The multiyear agreement includes a "multimillion-dollar commitment to Loudeye" for developing the platform, Loudeye said. More details about the new platform and its availability will be revealed later, the company said.
The partnership continues a trend of mobile phone companies trying to turn handsets into MP3 players like Apple's iPod. Music is increasingly being seen as a revenue stream for mobile service providers globally. For instance, Motorola recently signed up with Apple to develop mobile phones with iTunes software built in. These handsets are likely to be available in the first half of next year.
Jeff Cavins, Loudeye's CEO, said in a statement: "This agreement with Nokia represents a significant strategic opportunity for Loudeye to work with the leading mobile-communications company in the world to develop an advanced wireless music platform."
Dinesh C Sharma writes for News.com
