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BUSINESS
June 12, 2003 | Jon Healey
MusicNet, the online music wholesaler co-founded by RealNetworks Inc., is expected to announce today that it plans to offer songs in the Windows Media format created by its archrival, Microsoft Corp. The addition of Windows Media could help MusicNet win distribution deals from companies that don't want to use Real's format, which MusicNet had been using exclusively. It also opens the door for MusicNet's main distributor, AOL Time Warner Inc.'
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BUSINESS
April 13, 2005 | Jon Healey, Times Staff Writer
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.
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BUSINESS
May 23, 2003 | From Times Staff and Wire Reports
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.
BUSINESS
June 12, 2003 | Jon Healey
MusicNet, the online music wholesaler co-founded by RealNetworks Inc., is expected to announce today that it plans to offer songs in the Windows Media format created by its archrival, Microsoft Corp. The addition of Windows Media could help MusicNet win distribution deals from companies that don't want to use Real's format, which MusicNet had been using exclusively. It also opens the door for MusicNet's main distributor, AOL Time Warner Inc.'
BUSINESS
September 27, 2001 | Jon Healey
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.
BUSINESS
March 1, 2003 | From Bloomberg News
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.
BUSINESS
May 17, 2001 | SUE ZEIDLER, REUTERS
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.
BUSINESS
July 25, 2001 | JON HEALEY, TIMES STAFF WRITER
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.
BUSINESS
August 7, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
Even as Congress prods the recording industry to accelerate the slow pace of its online music sales, Justice Department officials are investigating whether two budding ventures--backed by rival alliances of the top labels--have gone too far. Government officials have opened a preliminary antitrust examination into MusicNet, formed by AOL Time Warner Inc., EMI Group and Bertelsmann, and Pressplay, a joint venture of Sony Corp. and Vivendi Universal.
BUSINESS
October 15, 2001 | JON HEALEY, TIMES STAFF WRITER
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.
BUSINESS
May 23, 2003 | From Times Staff and Wire Reports
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.
BUSINESS
April 22, 2003 | Jon Healey, Times Staff Writer
RealNetworks Inc., a founder of the struggling MusicNet online distribution service, announced Monday a $36-million deal to acquire a second online music company, Listen.com Inc. of San Francisco. Listen, which has raised and spent more than $100 million from investors to develop its Rhapsody music service, becomes the largest company in the fledgling industry to be swallowed up by a competitor.
BUSINESS
March 1, 2003 | From Bloomberg News
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.
BUSINESS
October 23, 2001 | Jeff Leeds
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.
BUSINESS
October 15, 2001 | JON HEALEY, TIMES STAFF WRITER
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.
BUSINESS
September 27, 2001 | Jon Healey
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.
BUSINESS
April 13, 2005 | Jon Healey, Times Staff Writer
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.
BUSINESS
October 23, 2001 | Jeff Leeds
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.
BUSINESS
August 7, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
Even as Congress prods the recording industry to accelerate the slow pace of its online music sales, Justice Department officials are investigating whether two budding ventures--backed by rival alliances of the top labels--have gone too far. Government officials have opened a preliminary antitrust examination into MusicNet, formed by AOL Time Warner Inc., EMI Group and Bertelsmann, and Pressplay, a joint venture of Sony Corp. and Vivendi Universal.
BUSINESS
July 25, 2001 | JON HEALEY, TIMES STAFF WRITER
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.
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