RIM names media partners

Investor's Business Daily

The smartphone maker announced Walt Disney Studios, Sony Pictures, Universal Music Group and Warner Music Group as partners for its new BlackBerry 10 store. RIM (RIMM) is launching its 1st smartphone on the new platform Wed. Most movies will be available the same day they are released on DVD, with next-day availability for the TV series. Analysts at Canaccord Genuity were not surprised by the partnerships. Shares fell 7.8% to 16.18.

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