Loudeye to Develop a Next-Generation Wireless Digital Music Platform

Loudeye Corporation today announced a multi-year agreement with Nokia Multimedia Business division to develop an advanced wireless digital music platform for mobile operators and their subscribers worldwide. This agreement includes a multi-million dollar commitment to Loudeye for development fees and defines a global collaboration framework between the companies. Additional details regarding the collaboration, as well as the platform and its availability, will be announced at a later date.

“This agreement with Nokia represents a significant strategic opportunity for Loudeye to work with the leading mobile communications company in the world to develop an advanced wireless music platform,” said Jeff Cavins, Loudeye’s president and chief executive officer. “We are very excited about our relationship with Nokia and look forward to sharing more details in the future.”