Samsung Electronics Co. Ltd. (005930.KS) on Friday said it plans to introduce a line of digital music players and a download service, under an agreement with privately held media provider MusicNet.
Terms were not disclosed.
MusicNet will power the service and provide the underlying technologies and library of music for Samsung’s new subscription digital music service and online stores in Britain, Germany and France.
In addition, Samsung is planning on expanding the service throughout Europe and Asia after its initial launch phase. Customers will have access to more than 2 million licensed songs.
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