RIM launches BBM Music, but shares continues to drop despite rallying market

Posted by Knowlton Thomas on 2011-11-02 9:12:00 AM

Today, Waterloo-based Research In Motion has released the BBM Music App, now available for download in the BlackBerry App World.

For $5 per month, the app grants you access to to 50 songs plus to 50 songs from each of your friends who share their content with you via BBM. Each month you can drop 25 songs for 25 new ones.

But if you don't want to pay monthly for BBM Music, all you get are 30-second music tracks—far worse than iTunes, which now offers 90-second previews and is native on the iPhone and downloadable on any computer.

See the app in action in the video below.

Despite the announcement, RIM shares dipped a further 3%, even though the market as a whole is rallying.

 

Company:
Research In Motion
Website:
http://www.rim.net
Location:
Waterloo, Ontario, Canada

BlackBerry (Research In Motion) is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. RIM's portfolio of award-winning products are used by thousands of organizations around the world and include the BlackBerry® wireless platform, software development tools, and software/hardware licensing agreements. more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the Associate Editor of Techvibes. A Vancouver-based writer and author, Knowlton has been published in national publications and has also appeared on television and radio. He has written two ebooks and more are in the works. Previously, he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing... more

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