Thursday, August 21, 2003
Posted by Roberto
2:13 PM
0 comments
T.O.S OF JAPAN CHOOSES LOUDEYE
Loudeye Corp (www.loudeye.com) announced a wireless music digital distribution agreement with T.O.S Co., LTD. (www.tos.ne.jp), a leading ringtone provider in Japan. Loudeye is providing music content, programming services, music samples, copyright license clearing and royalty reporting and settlement to T.O.S. for rich media ringtones to be marketed and sold to wireless subscribers of KDDI-AU, one of the largest wireless carriers in Japan.
As of June 2003, KDDI-AU had 14.7 million wireless subscribers, including over 11.5 million EZweb wireless Internet subscribers and 8.6 million third generation mobile phone subscribers (www.kddi.com/english).
The Japanese Society for the Rights of Authors, Composers and Publishers reports an average of 110 million ringtones were downloaded each month in Japan throughout 2002. Global research and consulting company, Strategy Analytics, forecasts that the downloadable ringtone market, including rich media ringtones, will increase to $4 billion by 2008.
Through its licensing agreements with all five major labels and hundreds of independents, Loudeye operates the world's largest archive of digital music with more than 4 million full song tracks.
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