Friday, April 10, 2009

Today's Fly Or Die Commerce Report

Google has created an exclusive online music service for the citizens of China.

The online giant has reportedly teamed up with over 140 record companies to offer Chinese music fans the opportunity to download and stream licensed music. The service is free to the users in China. Google and the record companies will make money from the venture via advertising revenue. They will allegedly split the revenue almost evenly between them.

According to The Wall Street Journal, this venture is expected to bring in approximately $14.6 million annually within the next few years.

No comments: