Nokia plans ‘iPod+iTunes killer’ with $60m purchase of Loudeye

“Nokia, the world’s largest mobile phone maker, is planning to compete head-to-head with Apple Computer for control of the multi-billion dollar global market for digital music,” David Ibison and Kevin Allison report for The Financial Times. “The Finnish company will in 2007 set up a rival to Apple’s iTunes online music store and also hopes its music-enabled phones will eventually depose Apple’s iconic iPod digital music player.”

“The new service, as yet unnamed, could pose a threat to Apple’s dominance of the multi-billion dollar online music industry, which it built following the 2001 launch of iTunes and the iPod. ‘We want to be a global leader in mobile music experiences, and if that means operating in areas where Apple is, then so be it,’ Anssi Vanjoki, executive vice-president of Nokia Multimedia, told the Financial Times,” Ibison and Allison report.

“The news of the proposed launch comes as Norway, Denmark and Sweden are challenging Apple to allow songs downloaded from iTunes to be played on any digital music player,” Ibison and Allison report. “While further details of the planned service were unavailable, Nokia on Tuesday announced the proposed acquisition of Loudeye, a US digital music distributor, for $60m. Loudeye’s name will be dropped and will provide the platform for Nokia’s digital music offering. Loudeye has a current library of 1.6m music tracks.”

Full article here.
It’s good to have dreams. FYI, we’re hearing rumblings from different sources about iPod+iTunes that should become clearer soon.

35 Comments

  1. ” . . . hopes its music-enabled phones will eventually depose Apple’s iconic iPod digital music player.”

    And eventually, the sun will go out. Coincidentally, right after Vista ships.

  2. “What the hell is ‘we’re hearing rumblings from different sources about iPod+iTunes that should become clearer soon’ supposed to be about?”

    Some guesses:
    1. Gas (from undercooked cabbage)
    2. 1.0 on the Richter scale
    3. A semi drove by
    4. faulty iPod hard drive

    ” width=”19″ height=”19″ alt=”tongue wink” style=”border:0;” />

  3. OK, Sounds good, . . . BUT.

    Wasn’t this the part of the world that said that Apple had to have handware / software that would let anyone play the downloaded music????

    If that is the case, then Nokia would have to abide by the same rules. FREE TUNES for everyone….. Yea. — Right??

    And if they do not have to abide, then does that mean the other countries in the area were doing something illegal just to harm Apple???

    I don’t know, but the whole thing smells 2 week old like North Sea fish to me. ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    N.

  4. nokia are very big over hear in europe, people love them, and there interface. and as more and more people are using there mobile phones to listen to music, its not inconcievable. apple may or may not want an iphone, but they NEED one to stay in the game, everybody has a mobile, and if they get better and better at playing music, they will see no need for an additional ipod

  5. Well, with Nokia’s business strategy outlined, now we know why Norway, Denmark and Sweden are challenging Apple to allow songs downloaded from iTunes to be played on any digital music player.

    Nothing like getting second-rate local governments to create laws in your favor so that you can compete with inferior technology…

  6. What a waste of 60 million. Who are these people who have so much money to throw down the drain?

    MW: let, as in let me have some of that cash if you’re gonna just throw it away like that!

  7. Geo, I think you meant:

    “Nothing like getting second-rate local governments to create laws in your favor so that you can compete using inferior technology…”

    …instead of…

    “Nothing like getting second-rate local governments to create laws in your favor so that you can compete with inferior technology…”

    =)

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