Why HITS is Better than MP3
Below are highlights from recent press releases on HITS in case you missed them or are wondering why HITS is a better value now than MP3
This exclusive agreement with EMI Recorded Music could technically equip musicmaker.com with as many as 500,000 songs.
EMI has taken a 40% equity position and named three directors in musicmaker.com since this leader in delivery of custom compilations via the Internet moved forward with their IPO on July 7.
The musicmaker.com agreement also makes available to EMI the ability to provide secure digital download of music once a secure industry standard is recommended through Secure Digital Music Initiative (SDMI), expected later this year.
musicmaker.com currently offers more than 20,000 licensed songs from major artists for digital downloading, including The Yardbirds with Eric Clapton, The Ramones, Blondie, Frank Zappa, Ziggy Marley, The Band, The Beach Boys, Taylor Dayne, and The Blues Brothers in three secure digital download formats: secure MP3 format, Microsoft MS Audio 4.0 and Liquid Audio.
In addition to EMI Recorded Music, musicmaker.com currently has exclusive marketing agreements with Columbia House, Audio Book Club, Platinum Entertainment, Spinner.com and Woodstock.com.
About EMI Recorded Music
EMI Recorded Music has artists in every leading music genre, including pop, rock, jazz, classical, urban, dance, Christian and country. The world-famous labels include Angel, Capitol, Blue Note, EMI, Priority and Virgin. Its current roster includes approximately 1,500 artists who typically release over 1,200 albums each year; last year EMI had 27 releases that sold in excess of one million units. EMI Music Publishing is the world's largest music publisher.
About musicmaker.com
musicmaker.com, headquartered in Reston, Virginia, is one of the leading custom compilation and secure digital download music sites on the Internet. Founded by senior executives in the high technology and music industries, including Robert Bernardi, Cofounder of PictureTel and TranSwitch, Raju Puthukarai, former president of RCA/BMG Music and Video Club and President of Warner Music Media and Irwin H. Steinberg, former Chairman and CEO of PolyGram Records, USA, musicmaker.com offers music lovers the opportunity to build their own CDs by selecting and organizing songs from a library of more than 150,000 tracks from over 100 labels in a variety of music genres. In addition, musicmaker.com has an exclusive 5-year licensing agreement with EMI, the THIRD largest music company in the world, for EMI's extensive music catalogue for custom compilation CDs. Powerful search engines help find selections by genre, artist, title and label and Real Audio allows tracks to be sampled before selection. CDs include up to 20 tracks or 70 minutes of music and can be personalized with unique labels as well as imprints on the jewel boxes. CDs range from $9.95 - $24.95 depending on the number of tracks and orders are taken through secure credit card link and are shipped within two business days.
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