MusicNet Launches Today on RealOne Music
NEW YORK, DECEMBER 4, 2001 -- For the first time, consumers can access MusicNet, a digital distribution platform for streaming and downloading music, through RealOne™ Music starting today. In development for more than a year, MusicNet combines the music catalogs of major and independent record labels - which now include Warner Music Group, BMG Entertainment, EMI Recorded Music, and Zomba, with media delivery technology from RealNetworks® to create a subscription-based technology platform. MusicNet will continue to add music to the service over time, providing customers with a broad selection of content. MusicNet is based on RealNetworks' RealSystem™ iQ and RealSystem Media Commerce Suite which provide for secure, reliable media delivery - both downloaded and streamed.
"We have been fully dedicated to bringing music fans a compelling and robust service and we're thrilled to support the launch of the first consumer offering of MusicNet through RealOne Music," said Alan McGlade, CEO of MusicNet. "MusicNet provides RealOne Music subscribers a reliable and legal way to both stream and download music from their favorite artists."
McGlade added: "The consumer launch of MusicNet is a great milestone for our company. We are committed to continually advancing the MusicNet platform in this exciting emerging era of digital music."
About MusicNet
MusicNet is a digital distribution platform for streaming and downloading music.
It combines RealNetworks' Internet media delivery technology with the music catalogs
of major and independent record labels - which now include Warner Music Group, BMG
Entertainment, EMI Recorded Music, and Zomba. As both a technology provider and
a music clearinghouse, MusicNet will license its "private-label" platform to companies
seeking to sell music subscription services under their own brands. MusicNet is
a joint venture between RealNetworks, AOL Time Warner, Bertelsmann AG, EMI Recorded
Music and Zomba. MusicNet's corporate information is located on the Internet at
http://www.musicnet.com.