Petteri Pyyny
14 Jul 2004 14:40
Sony plans to extend the reach of its recently launched Connect online music store service to digitally downloaded videos as well.
Sony has the luxury of owning one of the biggest movie studios, Sony Pictures Entertainment, that also produces several TV shows. It is unclear however, whether Sony plans to launch a competitor to Movielink (in which Sony is one of the main partners), or does the company aim to focus the content to portable devices and short movie clips.
The move, which is expected "within next 12 months", is also seen as an attempt to gain some ground in online video distribution before Connect's main rival, iTunes, extends its reach to videos as well.
Source: Financial Times