Wednesday, December 07, 2005

Amp'd to sell full songs for 99 cents

Amp'd Mobile, launching 12/5, will sell full songs over the air for 99cents. The songs will be availible for the cell phone and the users computer. CEO Peter Adderton says Apple's iTunes has set the market price. However, as seen on MocoNews:

"Amp’d will lose money on each song sold: The music labels the company has signed on are getting the same rate they receive for their mobile music sales via Sprint–generally half of the $2.50 price. That means Adderton’s service will pay the labels around $1.25 for each 99-cent song it sells."

Amp'd will offer around 200,000 songs from Warner, Universal and EMI, with Sony sitting on the sidelines trying to figure out how to create another PR nightmare for itself.

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