Financial

Thursday, January 24, 2008

Free online music on Yahoo
by Sandra Stoklaskova


Great news for music fans! These days, representatives of Yahoo .Inc are discussing new project with major record companies. This project is based on streaming unprotected MP3s for sale or for free, as a part of their services, offered to people all over the world. Yahoo is planning to begin with this service during this year, when they will come to agreement with representatives of record labels. According to anonymous executive of Yahoo, they are negotiating approximately one month and they are still working out details. He asked for anonymity because these discussions are confidential. This idea is not a unique one, as in last months has also Amazon.com began supplying MP3 music for sale. They are cooperating with companies as Universal Music Group, Warner Music Group Corp., Sony BMG Music Entertainment and EMI Group PLC. One of the reasons, why Yahoo want to provide this kind of service is, that MP3 files are compatible with most portable music devices such as iPod, Zune and also some mobile phones. The goal of future talks of Yahoo representatives and those from record labels is to come to agreement about offering music without copy protection, said Carrie Davis, spokesman of Sunnyvale. Presently, Yahoo offers free streaming audio, Web radio, music videos and also provides music subscription service and Internet radio service. They believe to make a bargain with record companies and offer us this additional service, soon.
by Sandra Stoklaskova
for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

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