'Fully Licensed' Musicmaker.com Offers Library of Artists for Custom Compiliation and Download On the Internet.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 6, 2000 Musicmaker.com (Nasdaq NMS See NetWare Management System. : HITS). In response to a Reuters news report today that a federal judge found that MP3.com Inc. (Nasdaq NMS: MPPP (MultiLink PPP) An extension to the point-to-point protocol that enables two channels to be linked together to double the throughput. It is used for ISDN transmission and channel bonding. See PPP, ISDN and channel bonding. ) willfully willfully adv. referring to doing something intentionally, purposefully and stubbornly. Examples: "He drove the car willfully into the crowd on the sidewalk." "She willfully left the dangerous substances on the property." (See: willful) infringed the copyrights of Seagram's Universal Music Group with the creation of its database in which users can store music and then access it via any computer connected to the Internet, Musicmaker.com stated that its library of songs are fully-licensed. Musicmaker.com has been in the forefront of legal digital distribution of music content since its founding in 1996 by music industry and technology executives. Musicmaker.com currently has valid licenses from approximately 165 Labels that have been obtained over the past several years. All licenses provide for the payment of royalties for the use of the recordings and music copyrights, which are licensed to musicmaker.com from the appropriate organizations, and all of such royalties and copyrights are paid as earned or in some instances, paid in advance. Musicmaker.com offers digitally downloadable songs from its library in three secured formats. These formats are: Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. Media, a compression format developed by Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, , Secured-MP3, an internally developed MP3 format using technology by ARIS ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine Technologies which is currently a leading secured technology approved by the Secured Digital Music Initiative ("the "SDMI (Secure Digital Music Initiative) A set of rules for securely distributing digital music over the Internet. Announced in February 1999, it is backed by the Recording Industry Association of America (RIAA) and Sony, Warner, BMG, EMI and Universal, the top five ") and Liquid Audio, all designed to discourage piracy. Musicmaker.com continues to add to its library of music titles, which are directly licensed to musicmaker.com through labels and/or artists. About musicmaker.com Musicmaker.com, with offices in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Reston, Virginia, is a leading custom compilation and secure music download retailer on the Internet. Musicmaker.com offers music lovers the opportunity to build their own CDs by selecting and organizing songs from a library of tracks from over 165 labels, including EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Recorded Music and Zomba Music Group. The musicmaker.com site also offers over 100,000 songs for download in Microsoft Windows Media, Secured-MP3 and Liquid Audio formats. Forward-looking statements contained in this release (including the statement that musicmaker.com continues to add to its library of music titles) involves a number of uncertainties, risks and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to materially differ. Factors that could cause actual events or results to differ materially include, among others, musicmaker.com's ability to predict trends and preferences in the changing music industry, the amount and effectiveness of marketing and strategic relationships, musicmaker.com's ability to obtain music rights and to obtain such rights to music that is in demand by music consumers, particularly that class of music consumers who use the internet, the fact that our competitors, current and future, including some of the record labels themselves, may launch competing internet services, the ability of or equipment, facilities and staff in the future to produce CDs in a timely, cost effective fashion, as well as the risks set forth in the Company's Registration Statement filed on Form S-1 dated as of July 7, 1999 as filed with the Securities and Exchange Commission ("Filings") the Company's 1999 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and risk factors listed from time to time in subsequent Filings. |
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