Hollywood Stock Exchange Tops the Charts With Music Partnerships; HSX Delivers the Premiere Neutral Interface for Music Fans on the Web
NEW YORK, July 20 /PRNewswire/ -- On the heels of its Music Market launch at Jupiter's Plug.In conference, HSX announced today partnerships with SonicNet, Radio & Records and Liquid Audio.
"HSX is the leading indicator of what's hot and what's not in the entertainment marketplace," said Sandy Smallens, Senior Vice President of Programming, SonicNet/MTV Online. "By integrating the latest music news, discographies, and biographies into HSX, we're giving users the information they need to make informed trading decisions," he added.
Each ArtistStock trading on the Music Market features a customized detail page with an in-depth biography, discography and artist-specific headlines from SonicNet. All of these items link to expansive information within a co-branded HSX/SonicNet site. In addition, an HSX stock summary appears on every artist profile page within the SonicNet Web site.
HSX's partnership with Radio & Records provides traders on the Music Market with weekly radio spin data. HSX uses this information to determine the initial public offering (IPO) price for each artist.
"Radio & Records is an authority in the music industry. Its data is crucial to anyone interested in knowing the latest trends, charts and news in music. By incorporating Radio and Records' data into our proprietary IPO algorithm, we are able to maintain more accurate opening day prices providing a true consumer indicator of actual market conditions," said David Herman, President, Hollywood Stock Exchange.
The Liquid Audio relationship provides HSX users with the opportunity to download music from each artist trading on the Music Market. As a Liquid Music Network (LMN) syndication affiliate, HSX will distribute LMN programming and access related content via a co-branded interface.
About Hollywood Stock Exchange
The Hollywood Stock Exchange (http://www.hsx.com) is a digital media company that provides over 350,000 consumers with a collaborative entertainment experience through its proprietary stock markets. These markets seamlessly integrate original content with a community, targeted commerce and a fiat currency providing the user with contextual entertainment. Recognized as the leading entertainment indicator, HSX also distributes data from the Markets to the entertainment industry as well as to traditional media outlets for consumer programming. The Company is based in Santa Monica, California.
SOURCE Hollywood Stock Exchange
CO: Hollywood Stock Exchange; SonicNet; Radio & Records; Liquid Audio
ST: New York, California
IN: ENT MLM
SU: LIC
07/20/99 07:01 EDT prnewswire.com
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