AsiaMix.com Chooses Magex for Global Digital Distribution Service.Entertainment Editors HONG KONG--(ENTERTAINMENT WIRE)--June 2, 2000 Leading Asian Music Asian music is an interesting loose term that encompasses numerous different musical styles originating from a large number of Asian cultures. For more specific information, try:
Web Site Partners With Magex to be the First Web Site in Asia to Implement Secure Commercial Digital Downloading by Intertrust's Technology to Artists and the Consumers Fans of Asian music groups such as Lani Misalucha Lani Misalucha (born 1970) is a singer from the Philippines. Profile Lani Misalucha, dubbed Asia's Nightingale, is a Filipina pop, rhythm and blues, opera singer, and one of the acclaimed singers from the Philippines who currently resides and performs at the , Kay Huang, Sandy Chen, Catcher in the Rye and FTG FTG Fairchild Tropical Garden (Coral Gables, FL, USA) FTG Firan Technology Group (Toronto, ON, Canada) FTG Ferntree Gully (suburb, Australia) FTG Free to Guest will now have a secure method to access their favorite songs on AsiaMix.com. AsiaMix.com, the leading Asian music web site, today announced a partnership with Magex, a digital distribution service, to help maximize its full potential in the digital download market. Today, AsiaMix.com will be the first web site in Asia to implement secure commercial digital downloading via the Magex service. AsiaMix.com will kick off this unique service by offering tracks from labels such as M-Point in Korea, Friendly Dog in Taiwan, Pony Canyon in Malaysia, Kinn's Productions in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Viva Entertainment in the Philippines. By implementing the Magex solution, both customers and artists will benefit by making it easier and more secure to buy and sell digital music over the Internet, while at the same time protecting the copyright of the artists. The Magex digital commerce service is built upon sophisticated digital rights management technology provided by InterTrust Technologies InterTrust Technologies Corporation was founded by Victor Shear in 1990 to develop and market technologies for digital rights management (DRM). Its initial public offering (IPO) was in November 1999. It was purchased by Sony and Philips in November 2002. Corporation, a Silicon Valley company. It delivers persistent protection of content and rights alongside proven transaction and financial clearing capability. This allows consumers to pay safely and instantly for digital content purchased via an electronic wallet, a Magex software application resident on the user's PC. "After reviewing each digital rights management service, Magex was clearly the strongest partner that can offer us a complete turnkey solution," said James Fong, AsiaMix.com 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. . "The Magex solution will help our business develop in this ever changing digital market by protecting both the consumer and content provider." AsiaMix.com, based in the Far East, is one of the most popular Web sites for music lovers and currently offers hundreds of free MP3s for download from regional artists from throughout Asia including Hong Kong, Japan, Korea and Malaysia. With over 700,000 page views per month and climbing, brings together reviews, reports, downloads, features and events related to music in the region. "We are proud to be the first to offer a complete solution that introduces new products and revenue streams and answers the copyright and piracy issues in today's music industry - part of a digital commerce industry expected to be worth US $27 billion by 2003," said Peter Beverley, Magex CEO. "Our partnership with AsiaMix.com continues our mission to offer secure digital content to music fans and content providers on a global scale." About Magex Magex is a digital commerce service developed to create a secure and efficient environment for the trading of digital content on the Internet. The Magex technology addresses many of the security and payment problems surrounding digital distribution, enabling fast, safe and easy web transactions. Magex has raised $80 million in a first round private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. , led by Goldman Sachs funds and Capital Z Financial Services Fund II, LP. Other major share holders include founding company NatWest (now owned by Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba ), Universal Music Group (a division of the Seagram Company Ltd (NYSE NYSE See: New York Stock Exchange : VO), InterTrust Technologies Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ITRU), Reuters (NASDAQ: RTRSY), GE Capital, Europ@web, investment affiliates of Soros Private Equity Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , SLF SLF Super Low Frequency (30-300 Hz; 10,000-1,000 km) SLF Self SLF Statens Landbruksforvaltning (Norwegian Agricultural Authority) SLF Sveriges Läkarförbund SLF Saalfeld Ventures, Westpool Investment Trust and Kistler Associates. This funding will be used to bring Magex's innovative digital commerce services to market on an international scale during the summer of 2000. Incorporating Digital Rights Management from InterTrust Technologies Corporation, Magex delivers the persistent protection of copyright products such as music, information and games in any format alongside a simple, trusted payment process. Because businesses can now offer their best products for download with confidence their customers will appreciate the broader, richer choice on offer. Consumers and content providers can find more details and register their interest at the Magex website. http://www.magex.com. About AisaMix.com AsiaMix.com is a digital music distributor focused on Asian music. By distributing music content in digital formats, AsiaMix.com offers music lovers a compelling destination to discover Asian music and provides a captive marketing platform for artists, record labels and advertisers. AsiaMix.com is based in Hong Kong with offices in Korea and Malaysia. http://www.asiamix.com. |
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