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Nokia Denies High Payments To Labels

NOKIA (Hypebot) – Last week it was widely reported that Nokia was paying Universal in the $35 range for use of its catalog in the cell phone giant's proposed Comes With Music service, and that other labels would receive proportionate payouts. Nokia now says that figure is incorrect.

"That is not true. We are not paying that amount to any record label," a Nokia spokeswoman told PC World. But the actual details remain murky with the company siting ongoing negotiations. Whatever the payments to labels; how funds trickle down to artists, payments to indie labels and DRM restrictions all remain concerns.