ChangeMusic Network Acquires Top Digital Music Search Engine Palavista.com
Acquisition Will Help Consumers Find the Best New Music Throughout the Web
NEW YORK, Jan. 12 /PRNewswire/ -- Following on the heels of the recent merger between CMJ and ChangeMusic.com, the ChangeMusic Network Inc. (http://www.changemusic.com), a subsidiary of Rare Medium Group Inc. (Nasdaq: RRRR), today announced its acquisition of Palavista.com, one of the most popular digital music meta-search engines on the Web. The incorporation of Palavista.com and its core capabilities into The ChangeMusic Network gives ChangeMusic visitors single-click access to all the major digital music search engines throughout the Web.
"Our mission is to bring music to the people and people to the music," said Robert Haber, CEO of the ChangeMusic Network. "Palavista.com is one of the best digital music meta-search engines in existence today. Its incorporation into The ChangeMusic Network exemplifies our continual effort to build a digital music destination which offers the most compelling value to music fans."
Palavista's meta-search engine simultaneously searches the databases of multiple web-based MP3 search engines, allowing the consumer to effectively search the top engines with a single query. Once the search is complete, Palavista organizes the results into a uniform format sorted by relevance. Palavista.com archives recent user searches, so that visitors can easily search for the same songs or artists on return visits to the site.
"The underlying technology behind Palavista.com is first-class, and it will be seamlessly woven into our ChangeMusic Network sites as well as our extensive, proprietary music business databases produced from CMJ operations," said Mr. Haber.
"The ChangeMusic Network's acquisition of Palavista.com further extends the company's reach into the digital music universe, positioning it as a leader in its industry. As a Rare Medium Group Inc company, the ChangeMusic Network represents some of the best of the next generation of blockbustuPThe ChangeMusic Network including MP3place.com, MP3now.com, MP3Hardware, MP3park.com, Findsongs.com and Customize.org. The ChangeMusic Network also incorporates the respected CMJ New Music Monthly magazine, a series of new music festivals around the world including CMJ Music Marathon, and the CMJ New Music Report and Web site, through which subscribers can gain access to various exclusive business-to-business products as well as promotional and A&R services.
About The ChangeMusic Network
Launched in 1999, The ChangeMusic Network (CMN) is a powerful new music network that provides the music fan and the music industry access to emerging artists and developing trends in the burgeoning digital music space. Through its recent merger with CMJ, CMN combines traditional offline media properties networked with highly trafficked online destinations. As an incubator company of Rare Medium Group Inc. (Nasdaq: RRRR), CMN is armed with leading edge Web development skills which complement its 20 years of music industry experience.
The ChangeMusic Network is comprised of a network of leading digital music sites including the central site at ChangeMusic.com, CMJ.com, MP3Now.com, MP3Place.com, MP3Park.com, Findsongs.com and Customize.org. The network has a monthly audience of more than 3 million user sessions comprised of leading edge, digital music early adopters.
About Rare Medium Group Inc.
Rare Medium Group Inc., through its wholly owned subsidiary, Rare Medium Inc., raremedium.com, provides Internet solutions and E-commerce strategies that improve business processes and develops branding strategies, marketing communications and interactive content. Customers include large and medium-sized companies in the financial, automotive, consumer service, retail, technology, entertainment and consumer goods industries. Rare Medium Group Inc. seeks to incubate paradigm-shifting ideas and build the next wave of blockbuster Internet companies by investing capital and leveraging its Internet development and solutions expertise. Currently, Rare Medium Group Inc. owns six incubator companies and has 16 venture investments. The company is headquartered in New York City and with its subsidiaries employs more than 700 Internet professionals in 12 offices throughout the United States, Canada and abroad. More information about Rare Medium Group Inc. and companies currently in development is available at raremediumgroup.com.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Rare Medium Group Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Rare Medium Group Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the SEC.
SOURCE ChangeMusic Network, Inc.
CO: ChangeMusic Network, Inc.; CMJ; Rare Medium Group Inc.; Palavista.com
ST: New York
IN: ENT MLM
SU: TNM
01/12/2000 08:30 EST prnewswire.com |
