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Business News (more headlines) 12-07-2013

Omnifone Accompanies The Prime Minister To China For Largest Ever Trade Delegation

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Omnifone, the leading B2B provider of global cloud-based digital music services, is accompanying Prime Minister David Cameron on his visit to China

Jeff Hughes, Omnifone, said: "China is a major focus for big name digital music services due to high smartphone penetration and a growing affluent consumer class. The music market grew by nine per cent and was valued at 1$92 million in 2012 yet few global music services are available in the region. There is a vast amount of untapped opportunity for music companies wishing to introduce their services to the region."

"This trade delegation will allow us to gain a better understanding of the local music market as well as the logistical and regulatory challenges we need to overcome to help our existing and potential customers expand. It will also allow us understand the most efficient ways to do business in China and explore the appetite for investment into companies like ours," continued Hughes.

MusicStation, Omnifone's award winning cloud-based digital media platform, is used by some of the world's largest consumer electronics and media companies. With a 28 million track catalogue ingested from labels from all corners of the globe and the widest range of capabilities available in a media application development platform, Omnifone already powers music services in 34 countries. Omnifone was first to license and deploy subscription-based digital music services offering both local and international repertoire in markets where domestic music popularity triumphs including Japan and Germany.

This is the second trade delegation for Omnifone since joining the UK Government's Future Fifty programme.

"This trip will also provide us with the opportunity to represent SMBs everywhere and explore with Government representatives the possibility of more incentives for funding and investment for rapidly growing SMBs," continued Hughes.

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