News Archive for 06/07/31

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Audible extends exclusive iTunes deal

07/31, 3:40pm

Audible extends iTMS deal

Audible today announced that it will extend its exclusive deal with Apple for another three years, boasting more than 16,000 audiobooks, paid podcasts, radio programs, and instructional language offerings via the iTunes Music Store. The initial agreement was due to expire in September of 2007, but the extension announced today makes Audible the exclusive supplier of afore mentioned content until September of 2010, according to TheStreet.com. "Audible's audiobooks have been extremely popular with iTunes customers and consistent best-sellers," said Eddy Cue, vice president of iTunes.

Verizon to launch new music phone [u]

07/31, 1:05pm

New Verizon music phone

Verizon Wireless is planning to launch a new music-enabled cell phone dubbed "Chocolate" in August, and is cancelling its monthly fee of $15 for its V Cast music download service, which will increase competition with Apple's iTunes Music Store. Vast charged both a $15 monthly fee as well as $1.99 per song fee, which is double the cost of tracks on iTunes. The new phone will feature an iPod-like clickwheel that includes a memory card capable of storing up to 1,000 songs, according to the Associated Press. The new handset is manufactured by LG Electronics, and includes software that supports MP3 playback as well as the ability to play songs purchased from Verizon's own V Cast Music Store. Verizon debuted its V Cast service in early January, which analysts said would place increasing pressure on Apple's iTunes service as competitors target its shortcomings. [updated]