Nokia confident of profiting from mobile music downloads
Nokia is confident that its move to offer unlimited free mobile music downloads will make the company money. The phone giant is also certain that the record labels involved will make money from the endeavor.
The “Comes with Music” service is shaping up to be the hottest commodity in the world of mobile music downloads, but critics have said that the service would come at the expense of profits.
Not so, says Nokia. The service is causing a ripple because users will be able to keep all the music they download, even after their subscriptions have ended. Sony BMG hopped on board last week and Universal was already involved.
The world’s two biggest labels look set to instill some confidence in smaller labels to become involved and offer mobile music downloads.
Reports have circulated that Nokia will pay $35 just to Universal for each handset sold.
With CD sales already dwindling, there is some concern that the advent of free mobile music downloads might shove another nail in the coffin.
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Free Music Download Websites 09May08
i kinda like the sound of this idea…only time will tell if it’s going to work. I applaude Universal and BMG for trying something different.