Mobile/PDA About Us Advertise here
User User name Password  
  Not registered yet? Register here.
Lost your password? Click here. 		 
  Home   News   Guides   Downloads   Glossary   Hardware   Profiles   Forums  
 Latest news     Press releases     Search news     Submit news     Our RSS newsfeed     Advertise at AfterDawn.com
Sunday 22.11.2009 / 12:34 AM
Search AfterDawn.com:        In English   Suomeksi   På svenska
afterdawn.com > news > loudeye sold mobile digital music operations to muze
Show topics
News
News

Loudeye sold Mobile Digital Music operations to Muze

3 May 2006 16:08 by James "Dela" Delahunty

Loudeye sold Mobile Digital Music operations to Muze Loudeye Corporation has stuck a deal with Muze to sell the company its U.S.-based Web and mobile digital music operations for a sum of $11m. Muze will now have control over Loudeye's mobile and web digital music commerce services, its encoding operations, music sound samples services and hosting and Internet radio services. The gold however could lie in inheriting rights to a catalog of content from four major music labels and some independent labels.

Loudeye said that its decision to sell its US operations won't affect its efforts globally. "We are focused on achieving significant growth in our digital media store services globally," says Loudeye President and CEO Mike Brochu. "The market for digital music downloads, including mobile, is expanding at a fast pace, and we are well positioned in key markets to capitalize on this growth."

This transaction is a further step in Loudeye's plan announced in February 2006 to focus on its key revenue generating customers, while substantially reducing Loudeye's cost structure. This transaction better positions Loudeye to capitalize on growth opportunities in rapidly evolving digital media markets, including mobile, and to accelerate innovation on Loudeye's OD2 service offering, which Loudeye offers globally.

Source:
Loudeye

Permalink to this article

Get AfterDawn's news to your favourite feed reader! Share this story with your friends!
 

 
Related articles:

  • Loudeye Corp. dumps Overpeer (10 December 2005)
  • Nokia partners with Loudeye (9 August 2004)
  • Loudeye buys British OD2 (22 June 2004)
  • Loudeye to offer indie music to Net music stores (14 April 2004)
  • Loudeye teams up with Microsoft (16 December 2003)
    •  

    « Previous news article
    DELETE     		Next news article »
    RIAA targeted street pirates in 12 cities
    Discuss this article! 
     Post your comment
     

    Subscribe to our newsfeed

    Get the latest headlines delivered directly to your favourite RSS reader or content aggregation service by using the links below.

    AfterDawn.com: News - RSS feed
    Add to Google
    Add to My Yahoo!
    Add to MyMSN

    Latest news

    RSS Feed

    Latest news from AfterDawn.com.

    More news...

    Search for headlines

    Search through our news archive.

    Latest threads

    Recently updated
    discussion threads.
     

    More...

    Most popular devices

    Last week's most popular products in our product comparison service.

    More products...

    Latest software updates

    RSS Feed

    More software updates...

    Top links

    Most popular links

    Digital video: AfterDawn.com | AfterDawn Forums
    Music: MP3Lizard.com
    Gaming: Blasteroids.com | Blasteroids Forums | Compare game prices
    Software: Software downloads
    Blogs: User profile pages
    RSS feeds: AfterDawn.com News | Software updates | AfterDawn Forums
    International: AfterDawn in Finnish | AfterDawn in Swedish | download.fi
    Navigate: Search | Site map
    About us: About AfterDawn Ltd | Advertise on our sites | Rules, Restrictions, Legal disclaimer & Privacy policy
    Contact us: Send feedback | Contact our media sales team
     
      © 1999-2009 by AfterDawn Ltd.