MySpace in talks over free music service

According to the Financial Times, MySpace is in talks with the major record labels with a view to launching its own music downloads service.

MySpace, which is owned by Rupert Murdoch’s News Corp, is reported to be in talks with Universal, Sony-BMG, Warner and EMI over the possibility of launching a free-to-listen music service funded by online advertising revenue.

Although none of the interested parties has been willing to confirm anything at this stage, the smart money says that any free-to-listen service will probably be backed up by a pay-to-download one.

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Thursday, February 21st, 2008

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Nokia Buys Mapping Service for US $8.1 Billion

Nokia Corp. has agreed to buy the digital mapping company Navteq for US$8.1 billion, supporting a plan to add navigation capabilities to more of its devices.

The acquisition, announced Monday, also helps Nokia to grow the services side of its business at a time when profits from mobile phones are being squeezed.

Navteq provides the digital maps behind Mapquest Inc. and other online services, as well as for navigation systems from Garmin

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Friday, February 1st, 2008

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