Los Angeles - Nokia (NYSE: NOK) is reportedly paying Universal Music Group $35 per device for the rights to pre-load music from the label's artists on the devices it sells as part of its new "Comes With Music" offering in Europe, according to The Hollywood Reporter, which cited "a well-informed mobile industry executive."

At this rate, THR figures, if just 1% of the half-billion phones Nokia sells this year have Comes With Music, Universal Music would garner $175 million.

Related Links:
http://snipurl.com/24sh4 (Hollywood Reporter)

http://www.nokia.com/A4136001?newsid=1172937