SAN DIEGO (DJC) – 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.”
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 400,000 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.
