Leading Retailer of MP3s Continues to Gain Momentum; Largest Music Service Focusing on 25-Year-Old+ Music Consumers
NEW YORK, NY and LONDON -- (Market Wire - Jan 22, 2007) -- eMusic, the world's largest retailer of independent music and world's second-largest digital music service after iTunes, today announces that it has surpassed 250,000 subscribers, only four months since hitting the 200,000 subscriber mark. The benchmark comes as eMusic continues to hit new milestones in growth and momentum, including its December announcement of the sale of 100 million downloads in three years and its launch across the European Union in September 2006 -- solidifying its position as the leading retailer of MP3s and as the most successful music site servicing the 25-and-older demographic.
"eMusic's spectacular growth demonstrates the strength of our business model and the value of our service," said eMusic President and CEO David Pakman. "We've shown that whether in Boston, Birmingham or Berlin, when you help consumers discover groundbreaking music and offer it at a great value in a format that plays on any device, you sell a lot of it. We've also proven that there's a significant customer segment that's underserved by iTunes and other music services, and eager to explore the riches of music outside mainstream pop and hip-hop."
eMusic is a subscription music service offering the serious music fan a place to find the best music outside the commercial mainstream in all genres, including breaking indie rock, classical and jazz. With deep relationships with the world's top independent labels, guidance from the best music editorial experts and a passionate music community, eMusic caters to music fans aged 25+. It provides all tracks in the universally compatible MP3 format at prices as low as 27 cents (17p/ 23c) a track.
eMusic's relationships with thousands of direct-marketing partners have been instrumental in building its subscriber base. In the U.K., eMusic works closely with GCAP Media's Classic FM and theJazz, The Guardian, Haymarket's Stuff magazine, and leading High Street bank, Lloyds TSB. Elsewhere in Europe, eMusic has struck marketing partnerships with SanDisk, Archos, NetGear and Box Media. In the U.S., key marketing partners include Cingular Wireless, Circuit City, Thomson Multimedia, Westin Hotels and SanDisk.
eMusic (http://www.emusic.com) is the world's leading digital retailer of independent music, second only to iTunes in number of downloads sold. The eMusic Web site offers a global catalogue of more than two million tracks from established and emerging artists in every genre from the world's leading independent labels. Created by music experts for music fans, it features award-winning editorial content, a vibrant online community and unrivaled music discovery tools. A subscription-based service that offers 25 free downloads at sign-up, eMusic gives consumers an inexpensive, low-risk way to explore great new music they wouldn't find otherwise, and unlike other download services, its universally compatible MP3 files play on any device including the iPod®. Based in New York with an office in London, eMusic.com Inc. is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.
CORPORATE CONTACTS:
Cathy Halgas Nevins
eMusic
At MIDEM Jan. 22 - 24
+1.917-887-4140
Denise Yantin
eMusic
+1.212.300.2885
UK AND EU AGENCY CONTACTS:
Donna Amato
David Milsom
GolinHarris
+44 (0) 870 9905 425
US AGENCY CONTACTS:
Nick Baily
Rob Krauser
Shore Fire Media
+1.718-522-7171
