May 23, 2003 |
Three major record companies and RealNetworks Inc. have invested an additional $10 million in MusicNet, an online music distributor they launched two years ago. The funding comes in the wake of Pressplay and Listen.com Inc., two rival online distributors, being sold to Roxio Inc. and RealNetworks, respectively. MusicNet did not disclose the total amount it has raised from its investors, which include Bertelsmann, EMI Group's EMI Recorded Music and AOL Time Warner Inc.'s Warner Music Group.
September 27, 2001 |
MusicNet, an Internet music distributor backed by three of the major record labels, is ready to start supplying music and software to online retailers, the company is expected to announce today. Jointly owned by AOL Time Warner Inc., Bertelsmann, EMI Recorded Music and RealNetworks, MusicNet has deals to provide music from Warner, BMG, EMI and Zomba on a wholesale basis to AOL, Real and Napster Inc.
October 23, 2001 |
The board of an Internet music distributor backed by three of the world's five record conglomerates named music television executive Alan McGlade to head the fledgling online venture. MusicNet is one of two competing online ventures being launched by the major record companies. As chief executive, McGlade's mandate will be to line up additional distributors for MusicNet, which is jointly owned by software maker RealNetworks and record companies AOL Time Warner Inc., Bertelsmann and EMI.
March 1, 2003 |
Sony Corp.'s Sony Music Entertainment unit, which ranked fourth in U.S. album sales last year, bought a minority stake in Internet music service rival MusicNet. Sony Music, co-owner of the Pressplay online subscription-music service with Vivendi Universal, bought a MusicNet note that is convertible into a 4% stake in the venture.
May 17, 2001 |
MusicNet, an Internet music subscription joint venture backed by three major record labels that waged a bitter fight against song-swap service Napster, will get its first demonstration today at a congressional hearing on online music. Rob Glaser, chief executive of media software giant RealNetworks Inc. and acting CEO of MusicNet, will demonstrate the service at the hearing, which also will feature testimony from record company and music publishing executives.
July 25, 2001 |
Lining up more record-industry support as it moves closer to launching, online music company MusicNet announced Tuesday that it will distribute songs from the leading independent label group, Zomba Records. The deal, announced at a conference here, adds music from chart-topping artists such as Britney Spears and 'N Sync to MusicNet's roster of songs from BMG Entertainment, EMI Group and Warner Music Group.