Warner Music, Sony BMG Invest in Chinese Mobile Music Firm

Authored by Mark Hefflinger on January 23, 2007 - 10:42am.

New York - Major record labels Warner Music Group and Sony BMG announced on Tuesday that they have made strategic investments in Chinese mobile music distributor Access China Media Solutions.

Financial terms of the agreements were not disclosed.

Access China Media Solutions is a partnership between Melodeo, a Seattle-based provider of mobile music delivery technology, and Access, a Japanese developer of mobile applications.

Access China Media Solutions seeks to counter the rampant piracy in China by distributing music via a secure mobile format.

"Our participation in this company is an integral part of our overall strategy to innovate and develop the legitimate music marketplace around the world," said Thomas Hesse, president of Sony BMG's global digital business.

 

Related Links:
http://www.marketwire.com/mw/release_html_b1?release_id=206165
http://tinyurl.com/yrbkd8
(Reuters)
http://www.access-company.com
http://www.melodeo.com

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