“The CEO of Sony BMG Music Entertainment says that the company is developing an online music subscription service that would give users unlimited access to its music and be compatible with a host of digital music players,” Matt Moore reports for The Associated Press.
“In an interview with the newspaper Frankfurter Allgemeine Zeitung published Monday, chief executive Rolf Schmidt-Holtz did not offer a timeline for unveiling the service,” Moore reports.
“As for costs to subscribers, the newspaper quoted him as saying that the ‘simplest option would be a flat rate’ fee per month of around 6 to 8 euros ($9 to $12) for unlimited access to Sony BMG’s entire music catalog and that the downloads would be compatible with all players, including Apple’s ubiquitous iPod,” Moore reports.
“He said that it was ‘even possible that clients could keep some songs indefinitely, that they would own them even after the subscription expired,'” Moore reports. “A Bertelsmann spokesman confirmed that the interview was accurate but declined to provide further details.”
Full article here.
[UPDATE: 10:55am EDT: replaced “DRM-free” with “iPod-compatible.” Also added last two sentence excerpts and removed applicable comments for clarity.]
The floundering continues.