Nokia, the Finnish handset seller, has come up with another way of connecting people. Nokia has bought Seattle based Loudeye for $60 million. Loudeye possesses a vast digital music catalogue. In 2004, it had bought the British music download service OD2 that now manages a licensed catalogue with nearly 1.5 million tracks. The deal will enable Nokia to gift its customers holding music enabled phones access to the wonderful collection. Last year, Nokia sold over 45 million music-enabled hand sets, and plans to sell about 80 million in 2006.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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