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Technology Stocks : Loral Space & Communications

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To: Rocket Scientist who wrote (5497)3/18/1999 9:07:00 AM
From: Valueman  Read Replies (2) of 10852
 
Sign me up. Phillips makes a CD-R. I would welcome the ability to download that new Jimi Hendrix live CD directly rather than have to go buy it.

Thursday March 18, 5:45 am Eastern Time
Sony plans satellite distribution of music
TOKYO, March 18 (Reuters) - Sony Corp, maker of the Walkman personal stereo and parent of Sony Music Entertainment, said on Thursday it would start distributing pirate-proof music from a digital broadcasting channel in Japan in April.

The new service will enable Sky PerfecTV subscribers to download CD-quality songs from digital broadcasts to mini discs or other recording media using a Sony set-top box, a Sony spokesman said.

He said fees for the service would be set below the price of a conventional CD.

Sony is one of the top shareholders of 270-channel Sky PerfecTV, along with media tycoon Rupert Murdoch's News Corp. The platform now has one million subscribers.

Sony Music Entertainment was the market leader in the United States last year, with such best selling album titles as the soundtrack to the film ''Titanic'' and Canadian pop diva Celine Dion's ''Let's Talk about Love.''

The Sony spokesman declined to comment on planned sky channel music programming. Industry analysts said Sony will likely launch its new satellite distribution service with new or independent artists.

Oher Japanese companies, including telephone giant Nippon Telegraph and Telephone Corp, plan trial music distribution services later this year aimed at retailers.

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