Nokia Buys Out Music Partner Loudeye

1.6 million tracks is a LOT of tunes, this gives them serious muscle to go up against the likes of iTunes. Providers like VZW already have their own music sales going on, I can't imagine them being very pleased if Nokia competes directly with them with a music download service that will put music on your phone. I wonder if Nokia plans on doing just that, or are they going to allow providers to sell music off their newly acquired catalog?

I bet this will mean great potential for the cellular music industry.