AMP3.com and AudioSoft Join Forces to Bring Back the Single; The Fastest-growing New MP3 Site On the Internet Now Offers E-commerce to Visitors and Copyright Security for Artists.AUSTIN, Texas--(BUSINESS WIRE)--March 18, 1999--AMP3.com, the world's fastest-growing new MP3 Web site on the Internet, today announced a joint venture with AudioSoft, the pioneering developer of secure music distribution systems via digital networks. AMP3.com's Web site features more artists -- close to 1,000 performers -- than any of the five major record labels. Under terms of the new agreement, AMP3.com ( www.amp3.com ) and AudioSoft ( www.audiosoft.com ) will work together to create an e-commerce reporting and payment system for the AMP3.com site. This will allow audiophiles to purchase music singles for 99 cents over the Internet in a completely secure environment. Visitors can also download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. songs for free and know that they are not infringing upon any copyright laws. The system will also enable AMP3.com to track purchases, allocate copyright payments and accurately report back to the artists. What separates AMP3.com from other MP3 sites is that with AMP3.com, artists actually make money, whether listeners decide to buy their songs or not. Artists receive a two-cent royalty per download. Popular songs are downloaded tens of thousands of times, so royalties can be significant. MP3 is a downloadable music format that stores audio files on a computer, keeping the file size small but retaining near CD-quality sound. "In addition to the downloading downloading - download royalties, we split our advertising income with the artists. If a potential advertiser ad·ver·tise v. ad·ver·tised, ad·ver·tis·ing, ad·ver·tis·es v.tr. 1. To make public announcement of, especially to proclaim the qualities or advantages of (a product or business) so as to increase decides to sponsor a particular song by placing a short jingle ad to be played before the song, AMP3.com and the artist split the profits 50-50," explains Michael Sharp, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMP3.com. This cooperation with AudioSoft will now enable visitors to purchase a particular song that they like. "Instead of having to go to your local Blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. Music store and buy a CD for $16, you can now just buy the song you like for 99 cents at AMP3.com. "With the help of AudioSoft, anyone can come to AMP3.com and download their favorite music for free. Every song comes with a 3-5 second jingle. If you really like the song, you can now purchase it online for 99 cents, without the jingle before the song," Sharp says. The new system also solves many copyright issues. "The world of music has been a jungle on the Internet. The biggest problem has been the illegal piracy piracy, robbery committed or attempted on the high seas. It is distinguished from privateering in that the pirate holds no commission from and receives the protection of no nation but usually attacks vessels of all nations. of music on the Internet," Sharp notes. "The single is what built the record business, hit by hit," said AudioSoft CEO Francois-Xavier Nuttall. "The MP3 format lets music fans buy songs the way they have always wanted to, one great track at a time. Using the Internet, AMP3.com is leading the music industry back to its roots, and AudioSoft is helping to ensure that artists get paid for every song they sell." By compensating artists, AMP3.com can secure a better selection of music than other MP3 sites. And by offering a better audio selection, the site is increasing visitor traffic and creating a more attractive target for advertisers. AMP3.com receives approximately 2 million hits per month, and is growing rapidly. About AMP3.com AMP3.com is the fastest growing new MP3 site on the Web today. It has become a portal for artists to distribute their music. AMP3.com offers free downloading of music in a secured, copyright covered environment where the musician gets paid per download and music fans can enjoy a wide selection of music. About AudioSoft AudioSoft is a software developer and content aggregator An organization that combines information such as news, sports scores, weather forecasts and reference materials from various sources and makes it available to its customers. See customer aggregator. dedicated to the secure electronic distribution of music over digital networks with full copyright protection and management. AudioSoft operates a distribution channel for audio over high-bandwidth networks and over the Internet ( www.citymusic.com ), and provides the music industry with secure solutions and tools to distribute music from their own Web sites. The company's innovative software products includes Virtuosa vir·tu·o·sa n. A woman who is a virtuoso. [Italian, feminine of virtuoso, virtuoso; see virtuoso.] Gold, the world's first all-in-one MP3 Player A digital music player that supports the MP3 format, which was the audio format that started a revolution in online music downloads and distribution. All portable music players, the iPod being the most popular, support MP3 along with one or more other audio formats. , CD Ripper See ripper and digital audio extraction. and CD Burner A CD-R machine. See CD-R and USB drive. ( www.virtuosa.com ). For additional information, please contact David Whitman of Merger Communications at 713/267-2328 ( www.mergerusa.com ), or Amy Bonetti of Big Mouth Communications at 415/837-1900. |
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