Sony BMG to launch music subscription service

Posted on Wednesday, Mar 26 2008 @ 02:56 CET by Thomas De Maesschalck
Sony BMG's chief executive Rolf Schmidt-Holtz announced in an interview with a German newspaper that his firm is working on an online music subscription service:
'The simplest option would be a flat rate under which a monthly payment would provide access to our entire music catalogue for all digital players, including Apple's Ipod,' he added.

'It is even possible that clients could conserve some songs indefinitely, that they would own them even after the subscription expired,' he said.

Typical subscription fees could run from six to eight eur, he suggested.

The project could get off the ground this year, Schmidt-Holtz said, adding that his company was in talks with other major music distributors on the subject.

Cooperation agreements with mobile telephone manufacturers is also possible, he added.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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