Hi Jeff,
You beat me to it..........
just received the e-mail...
BTW your music is INCREDIBLE!
Thanks again
Url
killpopradio.com
An important message for the MP3.com Artist Community:
We're excited to share a breaking announcement that
MP3.com has recently been acquired by Vivendi Universal.
As a member of our most vital community, we wanted not
only to share this good news with you and answer some of
your questions, but offer our thanks for your role in our
success. It is the talent, passion and dedication of
artists such as yourself that has helped fuel our site
over the past 3 years.
MP3.com has become a wholly-owned subsidiary of
Vivendi Universal, contributing to their strategic
objective of becoming the world's premier creator
and provider of personalized information, entertainment
and services to consumers. This new partnership is
expected to strongly reinforce our efforts in online
music, subscriptions, brand, content and, more
importantly, technology.
Below is a short FAQ answering some of the questions you
may have regarding the Vivendi Universal acquisition of
MP3.com. In the meantime, we will continue to make open
communication a number one priority and keep you updated
on pertinent developments.
This announcement stands to benefit our artist community
in great and varied ways by providing MP3.com with the
resources and support needed to become the central point
for the digital distribution of all music. We look forward
to continued and shared success with our artist community.
Sincerely,
MP3.com
Find the press release at the address below:
click.mp3.com
** FAQ **
Q. Who is Vivendi Universal?
A. Vivendi Universal is a multi-national, $65 billion
corporation that operates well-regarded properties in
fields including telecommunications, TV/film, publishing,
music, Internet and environmental services.
Q. Will MP3.com artists remain independent?
A. Yes. The terms and conditions of the various artist
agreements will not automatically change as a result of
this transaction. MP3.com will continue to function as an
independent distributor of music content for all
independent artists and record labels.
Q. Will my music belong to Vivendi Universal?
A. No. As stated above, the terms and conditions of the
various artist agreements will not automatically change
as a result of this transaction.
Q. Will MP3.com continue to operate as it does today?
A. MP3.com will maintain its role as an independent
distributor of music on the Internet. MP3.com will
continue with current pursuits and work with new
partners to innovate subscription systems and music
offerings that reach a global audience across many
devices.
Q. How will this announcement affect me? What will change?
A. MP3.com will continue with its current offerings,
including marketing, promotion and a full roster of online
services for all artists.
Q. Will Payback for Playback continue?
A. All current artist services will remain in effect.
Q. I'm also a shareholder. How will this announcement
impact my stock holdings?
A. Shareholders of MP3.com will receive $5.00 per share
in cash or Vivendi Universal stock. It is not guaranteed
that all outstanding shares will be exchanged for cash,
but they will be exchanged for at least 50 percent cash
and 50 percent stock - again, based on the aggregate
election of all shareholders. |
