Source: MP3.com
MP3.com To Offer New CD Sales With Internet Superstore Buy.com
MP3.com, Inc. (Nasdaq: MPPP), a premier online music service provider (MSP), Wednesday announced it has formed a multidimensional strategic relationship with BUY.COM, a leading Internet retailer. Under the agreement, BUY.COM becomes the exclusive new-music retailer on MP3.com's search, allowing fans direct access to their favorite mainstream musical artists. Buy.com expects to open an MP3.com specialty store on its popular e-tail site, featuring music and merchandise from more than 40,000 MP3.com artists. ""Our relationship with Buy.com furthers our strategy of being the music service provider (MSP) and ultimate destination for all music, from major record labels to startup bands, demanded by fans worldwide,"" said Michael Robertson, Chairman and Chief Executive Officer of MP3.com. ""Now MP3.com fans can satisfy their tastes with mainstream music available at Buy.com and Buy.com customers can experience new music that matches their listening preferences."" How It Works Today, when a fan enters ""Madonna"" in the MP3.com artist search engine, all the bands that sound similar to the multiplatinum artist appear in the search results. Now, in addition to having the opportunity to experience music from these MP3.com artists, the consumer can also purchase all Madonna tapes and CDs sold on Buy.com. The MP3.com specialty store at Buy.com will be a specialty area within Buy.com's music section. Among the features of the specialty store will be a dedicated space, sponsored exclusively by MP3.com, for fans to download free music, giving Buy.com customers the freedom to discover new musical offerings while shopping for their favorite merchandise. About MP3.com MP3.com is pioneering a revolutionary approach to the promotion, distribution, use and interaction of music. The Company's web site has grown into a premier online music service provider (MSP). The Company uses the Internet and file formats that make music files smaller to enable a growing number of artists to distribute and promote their music to a broad audience and to let consumers conveniently access this expanding music catalogue. The company's Web site contains 250,000 songs from more than 40,000 artists, representing the largest collection of digital music available on the Internet. Consumers can search, preview and download music free of charge. MP3.com is traded on the Nasdaq Exchange under the symbol MPPP and is based in San Diego, California.