Nokia Digital Music Platform

Press Release:

Loudeye Corp. LOUD, the worldwide leader in business-to-business digital media solutions, today announced a multi-year agreement with the Multimedia business group of Nokia NOK to develop an advanced wireless digital music platform for mobile operators and their subscribers worldwide. This agreement includes a multi-million dollar commitment to Loudeye for development fees and defines a global collaboration framework between the companies. Additional details regarding the collaboration, as well as the platform and its availability, will be announced at a later date.
"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," said Jeff Cavins, Loudeye's president and chief executive officer. "We are very excited about our relationship with Nokia and look forward to sharing more details in the future."

About Loudeye Corp.
Loudeye is the worldwide leader in business-to-business digital media solutions and the outsourcing provider of choice for companies looking to maximize the return on their digital media investment. Loudeye combines innovative products and services with the world's largest music archive and the industry's leading digital media infrastructure enabling partners to rapidly and cost effectively launch complete, customized digital media stores and services.

Via: loudeye.com.