AT&T, Mitsubishi Ally to Offer Music Via Internet, Nikkei Says
Bloomberg News
May 14, 1999, 11:49 p.m. PT
Tokyo, May 15 (Bloomberg) -- Mitsubishi Corp., Japan's
second-biggest trading company, and AT&T Corp., the U.S. largest
phone company, have agreed to form a joint venture to provide
technical and business assistance to recorded music companies
distributing music over the Internet, Nihon Keizai said, citing
unnamed sources. The service will be the first in Japan to
deliver CD-quality music to consumers' homes via the Internet.
Mitsubishi will provide the service to domestic record labels,
which will use AT&T's a2b MAIL compression-and-playback
technology to process and send the music from their own Web
sites, the report said.
In other news, Sony Corp. and Microsoft Corp. this week said
they will jointly distribute music and videos over the Internet.
(Nihon Keizai, 5/15, p.9)
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