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October 16, 2013 04:59 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4AD4OP6pW9c/
Telefonica Takes A Strategic Stake In Rhapsody, Will Bring Napster Into Latin America, Deeper Into Europe
In the allegro-paced race between music streaming providers to see who will be the first to achieve profitable scale, today Rhapsody got a significant leg up, courtesy of Telefonica. The Spanish-based mobile carrier, which has some 316 million customers globally, is making a strategic investment in Rhapsody, which will include a deal to bundle and resell Rhapsody's Napster music service and catalog of 20 million tracks to Telefonica mobile and broadband subscribers.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4AD4OP6pW9c/
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