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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (62755)	9/11/2000 1:13:47 PM
From: john	Read Replies (2) of 150070

(COMTEX) B: Time Warner To Sell Music Online B: Time Warner To Sell Music Online NEW YORK, Sep 11, 2000 (AP Online via COMTEX) -- Time Warner Inc.'s music division announced plans Monday to sell digital music over the Web, becoming the last of the major music labels to jump on the Internet bandwagon. Warner Music Group said it will offer about 100 songs from artists such as Barenaked Ladies and Manhattan Transfer at the November launch. It plans to expand eventually to 1,000 albums and singles from other major acts like Madonna and Phil Collins. In the wake of the success of music-sharing software Napster, Sony Music Entertainment and Universal Music have started selling a limited number of tracks as downloads this year. BMG and EMI, the other two of the "big five" record companies, have announced plans to sell music online. "There's a benefit of going last and learning from the evolving market," Warner Music spokesman Will Tannous said. Warner Music will not sell music directly from its Web site, but through online retailers. Wal-Mart said it would sell Warner Music tracks from its Web site next year. The tracks will be scrambled to prevent copying. The other record companies are using similar technologies, but have been unable to unite on a single standard for copy-protection. Listeners may have to download different kinds of software to play music from different labels. Warner Music's scrambling technology will come from Preview Systems Inc., while RealNetworks Inc. will provide the network of computers that will distribute the music. RealNetworks is the maker of the popular RealPlayer software for Internet music and video. Tannous said Warner Music tracks would be playable on other software as well. New York-based Time Warner has agreed to be acquired by America Online Inc., the world's largest Internet service provider, pending antitrust approval. Copyright 2000 Associated Press, All rights reserved -0- APO Priority=r APO Category=1700 KEYWORD: NEW YORK SUBJECT CODE: 1700 * end of story *

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