Motorola (NYSE: MOT) has announced that it will acquire online and mobile music distribution company Soundbuzz. The details of the deal have not been disclosed, but Motorola expects to close the deal in the first quarter of 2008. Motorola sees Soundbuzz as a means of expanding it’s MOTOMUSIC brand into India, South-East Asia, Australia and New Zealand. India and Australia are Soundbuzz’ largest markets. In terms of content, the company claims to have over 750,000 tracks for download, and partnerships with Sony (NYSE: SNE) BMG, EMI, Warner Music International and Universal Music Group, as well as over 45 independent record labels. Interestingly, they also have plans to launch a DRM free store. Soundbuzz, headquartered in Singapore, was started in 1999 by Sudhanshu Sarronwala, formerly Managing Director and Senior Vice President of MTV Asia, heading the company’s South-East Asia operations. More at our sister site ContentSutra.
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