RealTime IT News

MP3.com Takes a Bite of PacketVideo

MP3.com, Inc. Thursday announced it has become a shareholder in PacketVideo Corp.

"The delivery of music via wireless technologies is a logical extension of our Music Service Provider concept of consumers being able to access their music from anywhere," said Michael Robertson, chairman and chief executive officer of MP3.com.

"This investment brings us to a total of $56 million we have invested in several key software, hardware, marketing and technology companies to fuel our MSP vision."

PacketVideo develops MPEG-4 compliant software that enables the delivery, management and viewing of full motion video and audio over wireless networks on mobile information devices including Internet-enabled cellular telephones, handheld devices, wireless personal digital assistants and laptop computers.