InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,064.20
(
0.91%
)
US TECH 100
17,182.40
(
0.62%
)
Dow Jones
38,225.66
(
0.85%
)
Brent Oil
83.56
(
-0.09%
)
Bitcoin
59,408.68
(
0.49%
)
Post# of 93814
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Tinroad

Send PM Follow Ignore
Followers 60
Posts 1211
Boards Moderated 1
Alias Born 03/27/2001

Tinroad

Member Level

Re: None

Friday, 03/30/2001 9:26:57 AM

Friday, March 30, 2001 9:26:57 AM

Post# of 93814
Three record companies, RealNetworks seen in online deal-WSJ
http://biz.yahoo.com/rf/010330/n30196392.html
(courtesy of berge at RB)

NEW YORK, March 30 (Reuters) - Three big record companies are negotiating to license their music to RealNetworks Inc (NasdaqNM:RNWK - news) for use in its planned online music subscription service, the Wall Street Journal reported in its online edition Friday.
The venture, tentatively called MusicNet, is the latest step toward developing online music subscriptions, the paper said.

Citing people familiar with the talks, the paper said AOL Time Warner Inc.'s (NYSE:AOL - news) Warner Music Group, Bertelsmann AG's BMG Entertainment and EMI Group PLC (quote from Yahoo! UK & Ireland: EMI.L) each are negotiating with Seattle-based RealNetworks, which makes a popular programme for tapping into Internet music and video broadcasts from personal computers.

RealNetworks, which already owns the Web address MusicNet.com, is offering an ownership interest in the planned subscription service to the record companies, the paper said.

One of the proposals under discussion is for MusicNet to be made available to other online services, the paper said.

The companies also are discussing giving renegade Web site Napster an opportunity to license the service under certain strict conditions.

Napster, which operates a hugely popular music file-sharing service, is under court sanction to block access to illegally copied music, the paper noted.

RealNetworks and the three record companies are hoping to conclude a deal by next week, but there is no guarantee that an agreement will be reached, the paper said.


Always tell the truth. Then you'll never have to remember what you said the last time.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up