h1

Sina to build digital music platform

March 16, 2007

china-music.jpg

Chinese web portal Sina.com stated it has reached agreements with five record companies to launch a digital music platform for online music, downloads and other wireless value-added services.

The partners, according to a recent release, include Sony, BMG Universal, Warner, EMI and Rock Records, who reportedly hold a total of 80 percent of the world’s music recording market.

The tieup involves an unspecified profit-sharing scheme from advertising, download fees and revenue from wireless value-added services.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: