News
Sony BMG to come with music?
Tim Green Mar 26 2008, 5:29pm
Nokia’s Comes With Music model is gathering momentum; now Sony BMG is considering it.
Sony BMG CEO Rolf Schmidt-Holtz has told the press that the company is looking carefully at the model, which charges users a premium for a device in return for unlimited music for a specified period. The surcharge is then shared between Nokia and label.
Nokia has already got Universal’s participation, and is close to securing EMI too. Our sources say that Nokia paid Universal a whopping $20 million for its catalogue.
It is expected to spend vast sums marketing its music services towards the end of this year.
Last week it confirmed former Comcast SVP Elizabeth Schimel will become its new head of global music. Schimel was formerly VP of biz dev for multimedia services at AT&T.
