The deal covers distribution rights in Ireland and the UK for now. Sony has already licensed its content to various other European music services, including the British OD2, and indicates that record labels are willing to bet on Europe's online music growth which is expected to grow rapidly once Roxio's Napster and Apple's iTunes enter into the continent's market.
Source: Reuters via Forbes
Written by: Petteri Pyyny @ 12 May 2004 13:23
