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Move Seen as Act of Good Faith While Negotiations Continue

On January 21, 2000, the major record labels filed a complaint in New York Federal Court against MP3.com for copyright infringement relating to its My.MP3.com services. On April 28, 2000, U.S. District Court Judge Rakoff granted the major record labels' motion of partial summary judgement.

``We regret the need to take this step, which inconveniences more than 500,000 My.MP3.com account holders. While we disagree with the court's decision, we also want to demonstrate our good faith and strong desire to achieve an expeditious business resolution,'' said Robin D. Richards, MP3.com president and chief operating officer. ``We continue to work tirelessly with all the major labels to arrive at a settlement of their copyright infringement claims and to reach an agreement to license their musical works. We expect to restore user access to the 'Big Five' major label groups' (Sony Music Entertainment, EMI, BMG Entertainment, Universal Music Group, and Warner Music Group) content if and when a settlement is reached and licenses are executed.''

Mr. Richards added that, ``Although the My.MP3.com service is a fundamental element of our Music Service Provider (MSP) infrastructure, we believe it is important to point out that no direct revenues in the foreseeable future were projected from the My.MP3.com service.''

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 387,000 songs and audio files from more than 62,000 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.

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 contact Greg Wilfahrt, Director of Public Relations of MP3.com, 858-623-7280, gregw@mp3.com

SOURCE: MP3.com