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Technology Stocks : MPPP - MP3.com

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To: StockDung who wrote (936)3/28/2000 9:19:00 AM
From: paul boudreau   of 1116
 
- Tickets.com and MP3.com Join Forces to Create an Integrated Online Music Event Guide, Including Tickets, Event Information and Music -
SAN DIEGO and COSTA MESA, Calif., March 28 /PRNewswire/ -- Tickets.com, a leading online music, sports and arts ticketing solutions company, and MP3.com (Nasdaq: MPPP - news), the premier online music service provider, today announced their agreement to develop an integrated ticketing services and music event guide for their respective users. The agreement means that Tickets.com's live entertainment ticket-buying audience now has access to MP3.com artists' event content, tickets, and music through the Tickets.com site, and MP3.com fans now have the ability to buy tickets online to some of their favorite musical events, through the MP3.com site.

This agreement provides benefits to fans and artists alike. Tickets.com provides integrated ticketing solutions to entertainment organizations around the country, from arenas and stadiums to more intimate venues. MP3.com's more than 56,000 artists, who play at various venues worldwide, can now list their shows, offer tickets for sale, and get exposure to the Tickets.com entertainment ticket buying audience. As a result of this agreement, music fans will now be able to access a wide variety of information, music and tickets to their favorite concerts, from national touring acts to local bands, all in one place. And Forrester Research predicts the online event ticketing market will grow from $300 million in 1999 to nearly $3 billion in 2004.

``This agreement clearly capitalizes on the business synergies between our two companies,' said W. Thomas Gimple, co-chairman and chief executive officer of Tickets.com. ``Matching Tickets.com's event guides and ticketing services with MP3.com's events, artists and fans will better serve the entire live entertainment ticket buying community. Tickets.com consumers now have more great concert information and music event choices, while entertainment organizations that use our ticketing solutions now have the ability to expose their events to over half a million unique visitors who come to the MP3.com site every month.'

Tickets.com ticketing and event information will also be integrated into the MP3.com electronic newsletter, providing rich live entertainment information to MP3.com music fans. The MP3.com newsletter brings relevant and topical music information to entertainment fans, and Tickets.com event and ticketing information will now be integrated into the MP3.com electronic newsletters which are regularly distributed to MP3.com users.

``We provide artists with the tools to successfully promote their music online,' said Michael Robertson, chairman and chief executive officer of MP3.com. ``Working with Tickets.com to create a comprehensive online music event guide for our users is right in line with our goal of bringing artists and fans closer together.'
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