International Music Downloads

RS promotions is a predominant music recording company in Thailand (compared to java records, arista records in U.S...etc) and they want their share in the online music industry to help strengthen its business. Already Soundbuzz, the biggest music download provider in Southeast Asia is operating in 14 markets, including the United States and Europe. RS wants to tap into download market to increase growth in sales. RS has agreed to have a contract with Soundbuzz which starts at 1,000 titles on http://www.soundbuzz.com The current Stock Exchange of Thailand for RS is at 13.70 baht, down 20 satang in trade worth 173,000 baht.

At 50baht a songs, including ringtones, RS will be getting their share in the online music industry. Mr Yanyong, deputy managing director of SET-listed RS, said RS has a potential of 50% growth in revenue from music downloads this year, to 180 million baht.