Mobile Star Corp. announced after the closing bell today that it is in advanced negotiations with major publishing entities to acquire the rights to reproduce hundreds of songs in its personal karaoke vending booths. According to the press release, signed agreements are expected before the end of this year.
One of the final hurdles to full commercialization of the Mobile Star personal karaoke experience, these negotiations have been ongoing for more than a year. The Mobile Star personal karaoke machine is anticipated to be launched in the coming months.
“A wide selection of popular and classic songs are one of the primary components of the karaoke experience,” stated Danny Elbaz, CEO of Mobile Star Corp. “With the anticipated signing of the publishing agreements, the Mobile Star will be on track to provide an entertainment system that has the tremendous potential to generate high demand.”
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