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9/27/2005

 
MusicNet Expands Catalog to 2 Million Tracks

World's Leading Business-to-Business Digital Music Service Provider Bolsters Industry's Largest Library of Licensed Music for Subscription and Purchase

NEW YORK, NY, Sept. 27 /PRNewswire/ -- MusicNet, the world's leading business-to-business digital music service provider, today announced that it has expanded its catalog of licensed music to 2 million tracks -- the largest available in the industry today for subscription and purchase. MusicNet, whose distribution partners include Yahoo!, HMV, Virgin Digital, AOL, iMesh, Cdigix, and Charter, RCN and Adelphia (through Synacor), offers a suite of fully customized digital music experiences, including the ability to buy digital music subscriptions, portable subscriptions and downloads.

"Expanding our library to 2 million tracks is both a Company and industry milestone, and it is also testimony to consumers' increasing demand for digital music," said Alan McGlade, President and CEO of MusicNet. "Our Content team is dedicated to adding new genres, record labels and artists to our catalog so that we can offer our partners the most comprehensive collection to meet their customers' individual needs."

MusicNet's catalog of 2 million licensed tracks for subscription and purchase represents all of the major record labels and more than more than 25,000 independent labels. In addition, the catalog is comprised of tens-of-thousands of artists and 23 genres of music, including Alternative, Hip Hop, Rock, Country, Pop, Latin, R&B, Jazz, Blues, Classical, Opera, Christian and Gospel, Electronica, World and Spoken Word.

About MusicNet

MusicNet is the world's leading business-to-business digital music service provider. The top U.S. and global consumer brands private label MusicNet's comprehensive suite of digital music services. MusicNet enables its partners to offer their customers a fully customized experience, including the ability to buy music downloads and subscriptions, choose from more than 2.0 million tracks (the industry's largest catalog of licensed music), explore engaging editorial programming and enjoy an easy-to-use interface. Headquartered in New York, MusicNet is wholly-owned by Baker Capital, a New York-based private equity firm with $1.5 billion under management. For more information, please visit http://www.musicnet.com/.

Source: MusicNet

CONTACT: Alan Lewis, Director of Corporate Communications of MusicNet,
+1-212-704-2056, alewis@musicnet.com

Web site: http://www.musicnet.com/




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