|
|
| Sound News | Press
Releases | Archives | Week In
Review | Editorials
| Articles | |
|
![]() |
|
||||
|
|||||
| SAN DIEGO,
July 14 /PRNewswire/ -- Using marketing and promotional tools provided by MP3.com, Inc.
(Nasdaq: MPPP) the Internet's premier Music Service Provider (MSP), classical musicians
from all over the world are broadening their fan base and generating revenue by embracing
the digital delivery of music on the Internet. The fourth most popular musical genre on MP3.com (www.mp3.com), classical music is currently benefiting from a digital resurgence. Classical digital artists from around the world are receiving increased exposure by making their music available for free listening at MP3.com. Additionally, the company's on-demand Classical Subscription Channel (www.mp3.com/channels) which allows users to access an enormous database of classical music for $9.99 a month, has exposed classical music to wider audiences since its introduction in May. ``We're excited that MP3.com is helping to increase the popularity of classical music,'' said Michael Robertson, chairman and chief executive officer of MP3.com. ``As the commercial opportunities for classical artists have seemingly diminished in traditional outlets, more and more musicians are taking advantage of the opportunities to reach new fans and generate revenue on the Internet. John Bell Young is a great example of a classical artist who uses our MSP services in the hope of increasing his audience and generating revenue.'' A world-renowned classical pianist and music journalist, John Bell Young is among the new wave of established classical musicians who are exploring the commercial possibilities of online music. By posting music on MP3.com (www.mp3.com/johnbellyoung), Young has generated thousands of dollars in revenues via the company's Payback for Playback Program, which pays artists based on the number of free promotional songs listened to by MP3.com users. ``Covered wagons and powdered wigs: That image pretty much sums up the conventional, antiquated attitudes of the classical music recording industry,'' commented Young. ``MP3.com, on the other hand, has unlocked the spectacular potential of art-music, bringing to life a rich treasure long buried, even dead, to young people. As my colleagues and I have demonstrated, some artists can make more money in one month on MP3.com than they could make in years through more traditional commercial means. But the stakes are even higher: The interdisciplinary dimensions of digital technology will have a profound effect on musical education and experience for decades to come. Those who fail to grasp that will only be left in the dust of the covered wagons.'' Another classical artist who has gained increased exposure on the Internet is the Juliard-trained violinist Anastasia Khitruk. ``MP3.com has not only helped me connect with my fans, but it has been a wonderful means to attract new fans,'' said Khitruk, whose music can be found at www.mp3.com/anastasiakhitruk. ``I've received many e-mails from people around the world who had never even heard classical music before going to MP3.com, where they had the opportunity to hear my music.'' All eligible artists who post music on MP3.com have the opportunity to participate in the Payback for Playback promotion (www.mp3.com/payback/), which has made available $1,000,000 per month in May, June and July to artists, based on the popularity of their music. Musicians interested in joining MP3.com's community of artists can register to post music on MP3.com at www.mp3.com/newartist. To receive MP3.com press releases via e-mail, register at: pr.mp3.com. About MP3.com MP3.com is pioneering a revolutionary approach to the promotion and distribution of music. MP3.com uses the Internet and file formats that make music files smaller to enable a growing number of artists to distribute and promote their music worldwide and to enable consumers to conveniently access this expanding music catalog. MP3.com's site contains over 500,000 songs and audio files from more than 74,000 artists. MP3.com believes this represents one of the largest collections of digital music to be found on the Internet. Consumers can search for, listen to and download music free of charge. In addition, MP3.com is recognized as the premier online Music Service Provider (MSP) which allows users to access, manage, and listen to their personal music collection anytime and anywhere in the world, using any web-enabled device or application. MP3.com shares are traded on the Nasdaq National Market under the ticker symbol MPPP. The company is based in San Diego, California. For more information on MP3.com, visit www.mp3.com. Statements in this press release that are not strictly historical are forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include references to activities expected to occur in connection with MP3.com's Payback for Playback Program and MP3.com's continued relationship with certain artists. These statements involve a high degree of risk and uncertainty, are only predictions, and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include risks related to: MP3.com's litigation proceedings, including without limitation the inability to reach settlement with all parties to such litigation; risks associated with the implementation and continuation of MP3.com's Payback for Playback Program and MP3.com's relationship with the artists therein; MP3.com's new and uncertain business model; acceptance of MP3.com's products and services; MP3.com's limited operating history, and MP3.com's rapid growth, as well as other risks detailed from time-to-time in MP3.com's reports to the Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 1999 and its most recent report on Form 10-Q. For more information, contact: Greg Wilfahrt, Director of Public Relations of MP3.com, 858-623-7280, pr@mp3.com. SOURCE: MP3.com, Inc. |
![]()
|