With the rapidly eroding CD music sales market, Warner Music, smallest of the four major music firms, has went on a buying spree lately.
Their most recent investment is in Japanese firm FrontMedia which produces radio programming for mobile phones.
Warner will supply the music and FrontMedia will provide the opportunity for Warner to expand its mobile broadcasting and video services on Japans three largest mobile carriers.
The deal comes after two partnerships made last month by Warner Music, one with South Korea's top wireless company SK Telecom and South Africa's Johnnic Communications.
All the music companies are scrambling to make deals as they are loosing revenue fast from the collapse of the CD market.
For Warner Music this should be a good deal as mobile services are the dominant digital revenue source in Japan, accounting for almost 90 percent of the Japanese digital market. But growth for this year is even better as first-quarter revenue is already at $100 million, compared with $293 million for all of 2005.
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