ARTISTdirect to Provide Microsoft's WindowsMedia.com with Merchandise e-Commerce; Service To Enhance Music Fans' Experience At Popular Audio and Video Guide.Business/Entertainment Editors & Music Writers LOS ANGELES--(BUSINESS WIRE)--May 2, 2001 ARTISTdirect, Inc. (Nasdaq:ARTD) today announced an agreement with Microsoft Corp. in which ARTISTdirect will sell music-oriented merchandise at Microsoft's WindowsMedia.com audio and video guide. Adding merchandise to WindowsMedia.com, which currently offers links to CD retailers, expands the user's experience by providing a more complete array of artist-oriented information and resources. ARTISTdirect offers thousands of products from hundreds of leading artists, including *NSYNC NSYNC Justin Chris Joey Lasten JC (last letters of first names of members of the group NSYNC) NSYNC Negative Synchronization , Metallica, Cher and Beastie Boys Beastie Boys is a hip hop musical group from New York City consisting of Michael "Mike D" Diamond, Adam "MCA" Yauch, Adam "Ad-Rock" Horovitz and the official DJ for the group Michael "Mix Master Mike" Schwartz. . When visitors search for information on these artists at WindowsMedia.com, they will be presented with an opportunity to buy the officially licensed merchandise. The ARTISTdirect merchandise will be available in mid-May at WindowsMedia.com, which today unveiled a new lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. with more content and a new design. "Our goal at WindowsMedia.com is to provide the best music experience online, with great music from top artists and a wide selection of news and information about them," said Dave Fester fester /fes·ter/ (fes´ter) to suppurate superficially. fes·ter v. 1. To ulcerate. 2. To form pus; putrefy. n. An ulcer. , general manager of marketing for Microsoft's Digital Media Division. "ARTISTdirect helps us complete this experience with their merchandise sales." "Strategically aligning ourselves with companies such as Microsoft fits into our recently announced business strategy," said Marc Geiger, 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 ARTISTdirect. "ARTISTdirect is proud to be contributing outstanding content that will enhance WindowsMedia.com." About ARTISTdirect ARTISTdirect Inc. (Nasdaq:ARTD -- news) is a music and media company that combines an online music network with integrated offline assets to provide a single-stop solution for music fans, artists, labels and advertisers. ARTISTdirect.com (www.artistdirect.com), a comprehensive online destination, blends music programming, community, e-Commerce retail and digital music services. Through the ARTISTdirect Talent Agency, the company also manages offline musical tour booking and develops event-marketing programs extending sponsor reach. The company has headquarters in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release may contain projections or other forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events or the future financial performance of ARTISTdirect, specifically expectations as to revenues, reduction in cash burn rate and cash flow. These projections and statements involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Potential risks and uncertainties that may affect future events and results include, among others, general uncertainties related to amount spent on online advertising, ARTISTdirect's ability to attract new artists and retain existing artists, competition in its industry, including from Web sites offering free music, ability to enter into new strategic relationships and leverage existing strategic relationships, ability to increase revenue from online product sales, advertising and other revenue streams, and to generate revenue from digital distribution, ability to increase visits to ARTISTdirect's network of sites, ability to offer compelling content, ability to fulfill online music and merchandise orders in a timely manner, ability to build brand recognition, and ability to protect and/or obtain intellectual property rights. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that our future results, levels of activity, performance or achievements will meet these expectations. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We are under no duty to update any of the forward-looking statements after the date of this release to conform those statements to actual results or to changes in our expectations. More information about potential factors that could affect the company's business and financial results is included in the documents filed by ARTISTdirect with the SEC, including its most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. , current report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. and its Registration Statements on Form S-1 and all amendments thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. . |
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