Mobile download service

A new wireless phone service, dubbed Amp'd Mobile, is set to launch tomorrow with a . The new service will offer over-the-air downloads to mobile subscribers for 99 cents per-track, beating out Sprint's current service which sells tracks for $2.50 each. "I think it's ludicrous to think you can sell a track at $2.50 when everyone else is selling it at 99 cents," said Amp'd Chief Executive Peter Adderton. The exec also noted that he will continue to sell music at the same rate until Apple changes its pricing. "I don't think that we can price music above the market, and right now Apple has set the market." The company will lose money with every song sold, however, because the record labels that are cooperating with Amp'd Mobile are getting the same rate they receive for their mobile music sales via Sprint, or roughly $1.25, according to a report from Forbes.com.

by MacNN Staff