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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (14364)	3/9/1999 9:34:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

DD, more MP3 news: MP3 online music club formed Internet music provider songs.com and software developer MusicMatch announced at the New York Music and Internet Expo they'll offer a comprehensive online music service. The digital audio subscription service will offer 25 music tracks from as many as five artists for a monthly fee of $4.95. Tracks will be "bundled" into downloadable playlists in the MP3 format which can be downloaded over the Internet. The service will create files including lyrics, album notes, cover art, and Web site links. The service is expected to begin in the second quarter of this year. "A lot of the content we offer is controlled by publishers, who have been reluctant to make the material available in MP3," said Paul Schatzkin, President and CEO of songs.com. "This is a formula that addresses those concerns, by providing the exposure for the artists while guaranteeing mechanical royalties for the publishers." MP3.com, Juno plan IPOs Two more Internet companies indicated they intend to take their companies public. Internet music site MP3.com expects to sell shares to the public before the end of the year, chief executive Michael Roberston said. MP3.com says as many as 200,000 people come to its Web site daily to listen to, read about, and download high-quality digital music files. The music industry is unhappy with MP3.com and similar sites, saying they encourage copyright infringement and piracy by encouraging unauthorized distribution of music. Robertson said more than 6,000 artists and record labels have agreed to let his site sell their music online, Bloomberg news reported. In New York over the weekend at the Music and Internet Expo, Robertson said the music industry "either needs to get in on the game or watch the entire industry go to somebody else," the Bloomberg story added. Juno Online Services Inc.'s public market appearance may be sooner than later. In a filing with the Securities and Exchange Commission, the New York-based free e-mail and Internet access provider said it wants to raise $86.2 million through an offering to be lead managed by Salomon Smith Barney Amigo Sergio ps Thanks for your time and expertise.