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| SAN DIEGO, May 5
/PRNewswire/ -- Premier Music Service Provider MP3.com (Nasdaq: MPPP) announced today that
it has reached a licensing agreement with the American performing rights organization,
Broadcast Music Incorporated, widely known as BMI. More than 140,000 U.S. songwriters and
composers and over 60,000 U.S. publishers are represented by BMI. This licensing agreement
will allow MP3.com ( www.mp3.com ) to perform the BMI
repertoire of more than 4.5 million recognizable compositions from within the MP3.com
site. ``This is a monumental day for MP3.com, BMI, songwriters, publishers and the Internet as a whole,'' said Robin Richards, president of MP3.com. ``BMI demonstrated today that they are indeed an industry leader and also that BMI has the vision to usher-in and embrace responsible new technologies that will catapult the industry into the coming century. MP3.com thanks BMI for this opportunity.'' 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, which enables a growing number of artists to distribute and promote their music worldwide while enabling consumers to conveniently access this expanding music catalog. MP3.com's site contains over 346,000 songs and audio files from more than 56,000 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 at no 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 System under the ticker symbol MPPP. The company is based in San Diego, California. For more information on MP3.com visit: www.mp3.com . To receive MP3.com press releases via e-mail, please register at: http://pr.mp3.com/pr/premail.html 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 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 current or future litigation proceedings; 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. For more information, please contact Greg Wilfahrt, Director of Public Relations of MP3.com, Inc., 858-623-7280, gregw@mp3.com . SOURCE: MP3.com, Inc. |
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