Apple Thoughts: Thumbplay Launches Subscription Music Service

"Media Memo reports that popular ringtone site Thumbplay has launched a new subscription music service, offering consumers unlimited streaming for $10/month with the option to purchase songs from a catalog of 8 million tracks at the same $0.69-$1.29 price points found on Apple's iTunes Store."

Not only that, but they have also snagged a MobileMe Executive from Apple, Pablo Calamera, and hired him as their Chief Technology Officer. Thumbplay is also planning on offering iPhone and Android apps later this year, so we'll see how that goes.