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Thursday, 28 July 2005 |
XM, Napster in online music joint venture
Reuters.uk, UK
LOS ANGELES (Reuters) - Online music vendor Napster Inc. <NAPS.O> and satellite
radio provider XM Satellite Radio <XMSR.O> are making music together.
The two companies said late on Tuesday they would launch an online service that
enables XM's 4.4 million subscribers to buy music they hear on the paid XM radio
service.
The two plan to jointly launch "XM + Napster," in the fourth quarter of 2005 in
conjunction with the availability of new XM/MP3 players that let users bookmark
songs they hear while listening to the radio for future purchases online.
After the MP3 player is connected to a personal computer, the service will match
the marked XM titles with songs in Napster's catalog so that they can be
purchased.
Subscribers can also use the XM + Napster service to organize playlists using
other songs from personal libraries and transfer these unique playlists to the
XM players.
Currently XM's MyFi portable radio sells for about $299.
Those XM subscribers without the new MP3 devices, can also tag songs for
purchase online through XM Radio Online, a Web-based service.
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