Zappa in Line for Custom Compilations
[The below article was lifted more or directly from http://biz.yahoo.com/prnews/990719/ny_emi_mus_1.html, a link posted by Hoodoo to alt.fan.frank-zappa on July 20 [nostalgic internet message header :)]]
Monday July 19, 8:00 AM Eastern Time
Cher, Beach Boys, Natalie Cole, Selena, NWA, Mel Torme, and Ike & Tina Turner Now Available Exclusively to musicmaker.com for Custom Compilations
EMI Recorded Music Releases 100,000 Songs from 500 Artists to musicmaker.com
NEW YORK, July 19 /PRNewswire/ - For the first time, the music of EMI Recorded Music artists Cher, Selena and NWA, among others will be available for custom compilation CDs due to EMI's exclusive five-year licensing agreement with musicmaker.com (Nasdaq: HITS - news), a leading custom compilation CD and secure digital download service on the Internet. These EMI artists are among the first to approve the release of their music for custom compilations since musicmaker.com and EMI Recorded Music, the third largest music company in the world, announced the deal.
Prior to the exclusive agreement with EMI, musicmaker.com had one of the largest libraries of licensed music on the Internet with 150,000 songs available to consumers to create their favorite CD, as well as the ability to purchase secure digital downloaded music directly to their personal computers. This exclusive agreement with EMI Recorded Music could technically equip musicmaker.com with as many as 500,000 songs. The ability to create custom compilations and digitally download music gives fans the opportunity to choose individual songs from different record labels in a variety of genres to create a personal CD with their own artwork for friends, family and themselves. With the addition of Glen Campbell, Lou Rawls, and Luther Vandross, among others to musicmaker.com's catalog, consumers are now able to choose from a larger selection of artists and their individual works.
Jay Samit, Senior Vice President - New Media, EMI Recorded Music, stated that, "This is the first step to giving consumers a comprehensive and abundant selection of songs available from one Internet site. We are glad that our artists have embraced this new partnership and that they support this marketing venture.''
"We are happy to announce EMI's release of their masters,'' said Raju Puthukarai, President and Co-CEO of musicmaker.com. "This will mark the first time a major record label with well-known artists will make their catalog available for custom compilations on the Internet. This marks musicmaker.com's further positioning as a major player in the digital distribution market.''
EMI has taken a 40% equity position and named three directors in musicmaker.com since this leader in delivery of custom compilations via the Internet moved forward with their IPO on July 7. The musicmaker.com agreement also makes available to EMI the ability to provide secure digital download of music once a secure industry standard is recommended through Secure Digital Music Initiative (SDMI), expected later this year. musicmaker.com currently offers more than 20,000 licensed songs from major artists for digital downloading, including The Yardbirds with Eric Clapton, The Ramones, Blondie, Frank Zappa, Ziggy Marley, The Band, The Beach Boys, Taylor Dayne, and The Blues Brothers in three secure digital download formats: secure MP3 format, Microsoft MS Audio 4.0 and Liquid Audio. In addition to EMI Recorded Music, musicmaker.com currently has exclusive marketing agreements with Columbia House, Audio Book Club, Platinum Entertainment, Spinner.com and Woodstock.com.
A registration statement relating to the initial public offering has been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any such State. Copies of the prospectus contained in the registration statement may be obtained from Ferris, Baker Watts, Inc. (100 Light Street, Baltimore, MD 21202), Fahnestock & Co. Inc., (125 Broad Street, New York, NY 10004), or C.E. Unterberg Towbin (10 East 50th Street, New York, NY 10022).
About EMI Recorded Music
EMI Recorded Music has artists in every leading music genre, including pop, rock, jazz, classical, urban, dance, Christian and country. The world-famous labels include Angel, Capitol, Blue Note, EMI, Priority and Virgin. Its current roster includes approximately 1,500 artists who typically release over 1,200 albums each year; last year EMI had 27 releases that sold in excess of one million units. EMI Music Publishing is the world's largest music publisher.
musicmaker.com, headquartered in Reston, Virginia, is one of the leading custom compilation and secure digital download music sites on the Internet. Founded by senior executives in the high technology and music industries, including Robert Bernardi, Cofounder of PictureTel and TranSwitch, Raju Puthukarai, former president of RCA/BMG Music and Video Club and President of Warner Music Media and Irwin H. Steinberg, former Chairman and CEO of PolyGram Records, USA, musicmaker.com offers music lovers the opportunity to build their own CDs by selecting and organizing songs from a library of more than 150,000 tracks from over 100 labels in a variety of music genres. In addition, musicmaker.com has an exclusive 5-year licensing agreement with EMI, the third largest music company in the world, for EMI's extensive music catalogue for custom compilation CDs. Powerful search engines help find selections by genre, artist, title and label and Real Audio allows tracks to be sampled before selection. CDs include up to 20 tracks or 70 minutes of music and can be personalized with unique labels as well as imprints on the jewel boxes. CDs range from $9.95 - $24.95 depending on the number of tracks and orders are taken through secure credit card link and are shipped within two business days.
SOURCE: EMI Recorded Music
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