To: changedmyname who wrote (82430 ) 7/8/1999 9:31:00 AM From: ArtsCool Respond to of 119973
HITS: Gapping, they will "burn" the Virgin/ EMI music library for you The company will burn or cut or create a music CD of your choice from their catalog soon to be the biggest choice on the web. Also besides Virin being 40% shareholder they also have a deal with Columbia House. Company Description Musicmaker.com is a leading provider of customized music CD compilations over the Internet. Our music library currently contains over 150,000 song titles licensed from independent record labels. We have recently entered into an exclusive license agreement with Virgin Holdings, Inc., an affiliate of EMI Recorded Music, the third largest music company in the world. Our new relationship with EMI gives musicmaker.com the potential for access to tracks from EMI artists and the extensive music catalog of EMI. Under our agreement with EMI, we were granted an exclusive five-year worldwide license to music content that EMI makes available for use in online sales of our custom CDs. Under our agreement with EMI, EMI may also grant us a non-exclusive license to digitally download tracks from its music catalog once a standard for downloading is approved by the record industry. EMI now holds a controlling interest in our common stock. Our customers can search our extensive online music library and sample and select songs to make their own customized compilation CDs. Our custom CDs can be further personalized by including selected graphics and consumer provided text. Our custom CDs have sound quality equivalent to pre-recorded CDs available at retail stores and are sold at competitive prices. We manufacture and ship our custom CDs from ou r state-of-the-art production facility generally within 24 hours of order. Our privately developed technology, which can digitally store approximately five million songs, provides advanced search/retrieval capabilities and automates the high speed production of our custom CDs. The U.S. Patent and Trademark Office has notified us that they will issue a patent for our storage and production system. Our customers can also download selected music from our existing music library using: . Secure-MP3, an MP3 format designed to discourage piracy; . Liquid Audio format; or . MS-Audio 4.0, a compression format developed by Microsoft Corporation. Musicmaker.com has amassed a library of music in multiple genres including significant catalogs of jazz, blues and classical music. Musicmaker.com has music content agreements with over 100 independent record labels. Artists in our music library currently include: . Creedence Clearwater . The Beach Boys . Ziggy Marley Revival . Miles Davis . Johnny Cash . Jerry Lee Lewis . Little Richard . John Coltrane . Dionne Warwick . Frank Zappa . The Yardbirds with . Muddy Waters Eric Clapton . Taylor Dayne . Blondie . The Blues Brothers . The Ramones . Kansas . The Kinks . The Band Under our exclusive license agreement, EMI may grant musicmaker.com music content from its labels which include Blue Note, Capitol Records, Chrysalis, EMI Records and Virgin Records. We sell our custom CDs through our website as well as the websites of record labels, music retailers and online broadcasters, including Platinum Entertainment, Inc., Trans World Entertainment Corporation and Spinner Networks, Inc. Additionally, we have a marketing alliance with The Columbia House Company, a leading record and video club, jointly owned by Sony Music Entertainment, Inc. and Time Warner Inc. This alliance currently allows us to exclusively market our custom CDs to Columbia House's 15 million members, including those without Internet access, through Columbia House's websites and direct marketing campaigns. Musicmaker.com has also entered into a similar exclusive marketing alliance with Audio Book Club, Inc., a direct marketer of audio books through the Internet and club member catalogs, with over 1.5 million audio buyers and users. We intend to seek marketing alliances with additional music and non-music retailers. Our custom CDs allow customers to compile their favorite songs on one CD. We believe that our custom CDs also benefit record labels by providing an additional source of revenue for songs in its catalog that are not on any current music charts. We believe that the multimedia features available through the interactive environment of the Internet make it an ideal medium for promoting, marketing and selling our custom CDs and digital downloads. Musicmaker.com believes that the following trends provide us an opportunity to achieve industry and consumer acceptance of our custom CDs and digital downloads: . Growth in sales of CD singles. . Growth of the Internet as a viable retail medium. . Increasing affluence of the over 30 generation. . Continued prominence of classic rock albums. . Record label desire to diversify distribution methods while protecting intellectual property rights. Our management team has significant experience in both the music and technology industries. Our officers and directors include the: . Former Chairman and Chief Executive Officer of PolyGram Records, Inc. and President of Mercury Records Corporation. . Former President of Warner Music Media and RCA Direct Marketing, Inc./BMG Direct Marketing, Inc. . Senior Vice President of Worldwide New Media for EMI Recorded Music. . Former Vice President of Warner Music Enterprises and PolyGram Group Distribution, Inc. . Former Vice President of Strategic Planning and New Business Development at Comedy Central. . Co-founder of PictureTel Corporation and TranSwitch Corporation. We seek to be the leading provider of custom CDs and digitally downloaded music on the Internet. The core elements of our strategy include: . Offer a new way to buy licensed, customized music. . Offer most extensive selection of music for custom compilation and digital downloading. . Increase website traffic through strategic alliances and multiple hyperlinks. . Create strong brand awareness. . Establish genre-specific user communities. . Capitalize on cross-selling opportunities. . Leverage technologies for additional formats. . Expand international presence.