Los Angeles, Jan. 23 (Jiji Press)--Sony BMG Music Entertainment and Warner Music Group of the United States said Tuesday they have each made a strategic investment in the Chinese mobile content service joint venture of Japan's Access Co. .
The two major record labels aim to fully make forays into China's music downloading market for mobile phones through their capital participation in Beijing-based Access China Media Solutions, which offers music distribution technologies to wireless carriers and handset makers.
Sony, BMG, a unit of Japan's Sony Corp. , and Warner did not disclose the amounts of their investments.
The two companies plan to first come up with a secure structure for delivering copyrighted music through collaboration with Access China, before launching business in the country's rapidly expanding mobile phone market, they said.
Showing posts with label Mobile investment. Show all posts
Showing posts with label Mobile investment. Show all posts
Wednesday, January 24, 2007
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