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| NEW YORK, May 4 /PRNewswire/
-- Today, United States District Court Judge Jed Rakoff issued a written opinion detailing
his summary judgement order granted to the Recording Industry Association of America
(RIAA) against San Diego-based MP3.com, Inc. (Nasdaq: MPPP), on April 28. According to
MP3.com ( www.mp3.com ), the court's statements were
anticipated. ``Today's elaboration by Judge Rakoff is exactly what we expected,'' said MP3.com president, Robin Richards. ``Naturally, we will keep open all options available to us. That said, we continue to negotiate with the RIAA and the major labels with the goal of an equitable business resolution.'' ``I think everyone is getting tired of the constant litigation,'' continued Richards. ``Consumers and artists alike are looking to the labels and MP3.com to lead the way into the future with ingenious new revenue models for artists and copyright holders which will stimulate online music services and grab the attention of consumers. We look forward to this reality.'' 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. CONTACT: Greg Wilfahrt, Director of Public Relations, MP3.com, Inc., 858-623-7280, gregw@mp3.com SOURCE: MP3.com, Inc. |
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