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.
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.
October 15, 2001 |
The Justice Department has intensified its antitrust investigation of the music industry's licensing practices, demanding that industry organizations and online companies submit a slew of documents related to Internet music services. The department recently began sending out "civil investigative demand" letters, hunting for evidence of collusion by record companies and affiliates to impede competition. The recipients of the letters include the Recording Industry Assn. of America, at least two Internet companies and MusicNet, an online music distributor jointly owned by three major labels and RealNetworks Inc. A copy of one letter obtained by The Times indicates that antitrust investigators are looking at all the terms proposed by the record companies and music publishers for their licenses, as well as the lawsuits they threatened, brought or settled over online music.
April 13, 2005 |
A New York venture capital firm said Tuesday that it had taken over MusicNet, an online music service formed in 1999 by three major record companies and RealNetworks Inc. Baker Capital, which focuses on communications companies, said it had bought out all the MusicNet shareholders for an undisclosed sum. MusicNet is the only music company in Baker Capital's portfolio, which includes investments in e-commerce, wireless Internet and networking equipment companies.