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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (1349)	5/1/1998 2:04:00 PM
From: STEFAN BABJAK	Read Replies (1) \| Respond to of 3203

LOS ANGELES--(BUSINESS WIRE)--May 1, 1998--K-tel Express (www.ktel.com), the new online music service from K-tel International Inc. (Nasdaq:KTEL - news) debuting Friday, has acquired the rights from BPI Communications Inc. to publish Billboard magazine's weekly Chart Package on the Web site. The announcement was jointly made Friday by David Weiner, president of K-tel International, and John Morgan, vice president for electronic media at BPI Communications. Under terms of the agreement, K-tel Express will publish Billboard's closely watched album, singles and video charts each week over the next year. The online music service will post the chart package at 9 a.m. Eastern Time each Friday. The leading trade magazine covering the music, radio and home- video industries, Billboard's charts are based on data from Soundscan and Broadcast Data Systems, and are considered to be the most respected tabulation of music and video sales, video rentals and radio play in the market. K-tel Express will feature more than 250,000 music titles for sale to the public throughout the world. Billboard album charts to be featured on K-tel Express include the Top 40 of the publication's Top 200 album chart, as well as the Top 10 of its Top Country, R&B, Latin, Contemporary Jazz and Classical Album charts. Singles charts to be posted on the Web site include the Top 20 of Billboard's Hot 100 Singles and the Top 10 of Hot Adult Contemporary, Mainstream Rock Tracks, Modern Rock Tracks, Hot Country Singles & Tracks, Hot R&B Singles, Hot Rap Singles, Hot Dance Music-Club play and Hot Latin Tracks. K-tel Express will also publish the Top 10 of Billboard's Top Video Rentals, Top Video Sales, Music Video Sales and Kid Video Sales. ''Billboard is the bible of our industry, and we are delighted to be able to work with BPI to include the Billboard Chart Package on K-tel Express. While consumers will be able to get the finest music products through K-tel Express, they will also be able to keep a close watch on the music, radio and home-video arenas through this new Web site via Billboard's comprehensive charts,'' noted Weiner. Morgan added: ''BPI is excited to be working online with leading brand names such as K-tel. K-tel's foray into the realm of Internet commerce demonstrates the continued growth of this exciting segment of our economy, and Billboard and BPI are committed to maintaining a strong presence in this field.'' K-tel International is a vertically integrated developer, marketer and distributor of a wide array of entertainment and consumer products worldwide. The company markets its product lines to retailers, wholesalers and licensees, via the Internet (www.ktel.com) or directly to the consumer through its global direct-response operations. K-tel has companies/operations in the United States, the United Kingdom, Germany and Finland. BPI Communications is the publisher of 24 magazines, plus books, directories, conferences and electronic information services. With the development of the electronic information services, BPI has assembled a comprehensive collection of Web services for the music, filmed-entertainment, theater and media industries. BPI's leading entertainment and media titles include Billboard (www.billboard.com), The Hollywood Reporter (www.hollywoodreporter.com), Amusement Business (www.amusementbusiness.com), Musician (www.musicianmag.com), Backstage (www.backstage.com), Adweek (www.adweek.com) and Mediaweek (www.mediaweek.com).