Posted AT 8:54 AM EDT on 23/01/07
Music labels buy into Chinese music venture
LOS ANGELES — Sony BMG Music Entertainment and Warner Music Group have partnered with a joint venture operating in China that develops technology for distributing music downloads and other content to mobile phones, the record companies said Tuesday.
The music companies declined to disclose how much each had invested in Access China Media Solutions, a joint venture between Tokyo-based Access Co. Ltd.
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