Blog Post

Nokia Denies Paying Universal Music Group High Fees For Comes With Music

Nokia (NYSE: NOK) is denying reports — including ours — of a deal to pay Universal Music Group $33-35 per handset for access to its music on the handset maker’s upcoming Comes With Music. THR reported the $35 figure; we reported it was closer to $33.50. We also reported that there is a cap for that amount — up to 2.5 million handsets — and that a volume discount kicks in. A source familiar with the situation told us the deal, which was cut late last year, includes an advance but is not all-you-can-eat the way you and I might understand it; rather it