Sky To Launch Online Music Service
Sky is set to launch a new online music service later this year with Universal Music.
The service will be available to both Sky subscribers and non-subscribers for a single monthly subscription, offering both streamed tracks and downloads to keep.
It will be operated by a new joint venture company, in which Sky will be the majority shareholder with Universal – and perhaps others – holding an equity stake.
Downloaded tracks will work on any mp3-compatible fixed or portable device, including ipods, mp3 players and mobile phones.
As the first partner in the service, Universal Music will provide a roster of artists including U2, Kanye West, Amy Winehouse, ABBA, and Elton John.
Mike Darcey, chief operating officer, BSkyB, said: “It’s clear that there’s huge demand for online music and companies like Sky and Universal Music are well placed to work together to meet consumers’ needs.
“We aim to offer an easy and affordable service for all UK music fans, while ensuring that artists are properly rewarded for their creativity.”
Lucian Grainge, chairman and chief executive, Universal Music Group International, added: “The new Sky service will provide a compelling digital music experience, built for the ever growing digital appetite of music fans.
“In a world where a majority of UK homes have high speed broadband access, consumers will welcome a safe, state-of-the-art service and legal alternative to those services which exploit musicians without compensation.”
Sky: 08702 40 40 40 www.sky.com