gee......and all along i thought mp3's mantra was "music for free"......now, they actually want to give some artist some money? don't they know that an artist just creates the music for the pure sake of art and their own enjoyment.....gheesh
rhonda, just here talking to myself<G>
MP3.com Asks Artists, Who Wants to Be a Millionaire? Payback for Playback Promotion Reaches $1 Million
SAN DIEGO, March 7 /PRNewswire/ -- MP3.com, Inc. (Nasdaq: MPPP), the
premier online music service provider (MSP), today announced it pushed its
Payback for Playback promotion past the $1 million (U.S.) mark. Michael
Robertson, chairman and chief executive officer of MP3.com, announced that the
Payback for Playback program would be extended through May 2000. At the end
of the month, the total sum available for awards to MP3.com artists through
the Payback for Playback promotion would be more than $1 million (U.S.).
Top Payback for Playback earners in the month of February encompassed
artists from six different genres, including the first hip hop act ever to
make the Top Ten on the Payback for Playback chart. The Top Ten earners for
February are:
Artist Genre Location February Earnings
Ernesto Cortazar Easy Listening Burbank, CA $5,803
303 Infinity Electronic Houston, TX $4,156
t r a n c e []
c o n t r o l Electronic Sara, Sweden $4,118
Bassic Electronic Tampa, FL $3,253
Liona Boyd Classical Beverly Hills, CA $3,163
Killer Spam's
Comedy Stuff Comedy Culver City, CA $2,858
The Cynic Project Electronic Stillwater, MN $2,792
BENTFRAME Hip Hop/Rap Chicago, IL $1,845
Raver FX Electronic Fort Lee-konth of February rose
to more than 2 million for the above Top Ten artists alone.
February's top Payback for Playback earner, Ernesto Cortazar, reacted to
the news by saying, "At my age, 59, I never thought that I would be able to
express my feelings through my music to so many cultures. Today, I dream
again, I feel alive again. Currently, I am planning to tour around the U.S.,
Europe and Asia to personally thank all of my fans who have been the most
important and motivating part of this, and to teach people how to do what I
did on MP3.com and the Internet."
"No company on or off the Internet is doing more to provide opportunities
and compensation for so many artists," commented Robertson. "It's amazing to
see how many artists are benefiting directly from the Payback for Playback
promotion. When MP3.com began, we had visions of a new music era when artists
could use the Internet to reach out to potential fans worldwide and share
their music. Today, artists who are fully utilizing the tools available to
them are also able to sustain their careers financially through MP3.com's
Payback for Playback program. It's the best incentive for music artists on
the Net today, and that's my final answer!"
Payback for Playback compensates the site's more than 50,000 artists,
based on the popularity of their music, by dividing a monthly pool of
$200,000 (U.S.) among all eligible artists on the site.
MP3.com launched the Payback for Playback promotion in November 1999. All
funds for the program are provided directly by MP3.com as a reward and
incentive for artists who make their music available through the site. To
join the MP3.com artist community, an act must make at least one song, in its
entirety, available on MP3.com for free streaming or downloading worldwide.
The site does not charge any fees to artists for membership, and currently
more than 50,000 artists have more than 300,000 songs available through the
site.
For more information on MP3.com's Payback for Playback promotion, please
visit: mp3.com
About MP3.com
MP3.com is pioneering a revolutionary approach to the promotion,
distribution, use and interaction of music. The Company's web site has grown
into a premier online music service provider (MSP). The Company uses the
Internet and file formats that make music files smaller to enable a growing
number of artists to distribute and promote their music to a broad audience
and to let consumers conveniently access this expanding music catalog. The
Company's web site contains over 300,000 songs from more than 50,000 artists,
representing the largest collection of digital music available on the
Internet. Consumers can search, preview and download music free of charge.
MP3.com is traded on the Nasdaq Exchange under the symbol MPPP and is based in
San Diego, Calif.
Statements in this press release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such statements include references to activities expected to occur in
conjunction with the Payback for Playback promotion. These statements involve
a high degree of risk and uncertainty, are predictions only and actual events
or results may differ materially from those projected in such forward-looking
statements. Factors that could cause or contribute to differences include
risks related to implementation of the Payback for Playback promotion, the
Company's new and uncertain business model, uncertainty regarding acceptance
of MP3.com's products and services, MP3.com's limited operating history and
risks associated with MP3.com's rapid growth. These factors and others are
more fully described under "Risk Factors" in the Final Prospectus included in
MP3.com's Registration Statement on Form S-1 (File No. 333-78545) as filed
with the Securities and Exchange Commission.
For more information contact Kristi Gates of GCI Group, 415-974-6200,
kgates@gcigroup.com, for MP3.com, Inc.
SOURCE MP3.com, Inc.
CO: MP3.com, Inc.
ST: California
IN: ENT MLM
SU:
03/07/2000 08:04 EST prnewswire.com
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