iPhone 3G + Last.fm = iPod killer?

(01:53) Report

Jul 29 - The London-based online 'social music' site Last.fm has launched an iPhone application which will give users access to a vast array of music on the go.

The CBS-owned music service says its new application for the iPhone has generated a "massive spike" in new users, illustrating that the consumers are embracing a new music model that favours access over ownership.

Reuters Technology Correspondent Matt Cowan reports.

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