Nokia has acquired Loudeye in an effort to increase its presence in the digital music market.
Responsible by online music technologies, purchasing methods and business to business music middleware, Loudeye will allow Nokia to expand its customer reach by offering such things as live music purchases through phones and mobile computing devices. Nokia said that with Loudeye under its belt, customers using many of Nokia's latest mobile phones and portable computing devices will be able to share music wirelessly as well as purchase music wirelessly. From the press release:
The multi-function mobile device will become the preferred medium for enjoying music and Nokia is leading this trend. With music optimized products like the Nokia N91 and other Nokia devices, Nokia sold more than 15 million music enabled devices in the 2nd quarter, making it the world's largest manufacture of digital music players.