Coda Music Technology, Inc. Announces SmartMusic Studio Online for the Internet.Business Editors EDEN PRAIRIE Eden Prairie A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300. , Minn--(BUSINESS WIRE)--June 6, 2000 Coda Music Technology, Inc. (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 :COMT COMT Catechol-O-Methyltransferase COMT Certified Ophthalmic Medical Technologist ) announced today that it plans to deploy SmartMusic Studio SmartMusic Studio is a software used to help with practicing instruments. Online on the Internet. This online version of Coda's SmartMusic Studio application for Windows(R) and Macintosh(R) computers will sport all the features and benefits provided by the packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one version plus important new features. It will also provide SmartMusic Studio's critically acclaimed and patented Intelligent Accompaniment(R) technology that works with Coda's library of over 5,000 accompaniments. As part of this initiative, Coda is expanding its SmartMusic Accompaniment licensing rights to include offering the accompaniments on the Internet. "We have made significant progress with print music publishers in this effort," stated Coda 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. John Paulson, "and have signed agreements giving us permission to offer the accompaniments online with Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Music Publications and fifteen other publishers. An additional major print music publisher has verbally agreed to the new Internet terms and is working towards a written document." In addition to providing Internet customers with a complete practice environment including a metronome metronome (mĕ`trənōm'), in music, originally pyramid-shaped clockwork mechanism to indicate the exact tempo in which a work is to be performed. It has a double pendulum whose pace can be altered by sliding the upper weight up or down. , tuner, transposition transposition /trans·po·si·tion/ (trans?po-zish´un) 1. displacement of a viscus to the opposite side. 2. , practice loops, etc., SmartMusic Studio Online will be able to display music notation. At first, this notation feature will be used to display scales, arpeggios, exercises and other music designed to develop skills. Customers will be able to select the exercise they wish and then specify what key it should be notated in and with what articulation. Since it applies different keys and articulations electronically, SmartMusic Studio Online will provide tens of thousands of skill development exercises, far more than could be published in any set of music books. Each exercise, of course, will have accompaniments to make practicing them more fun and productive. Eventually the Company hopes to use the notation capabilities of the SmartMusic Studio Online for the electronic distribution of print music on the Internet. Coda is in discussion with major publishers to accomplish this. "SmartMusic Studio Online creates new business model opportunities for Coda," continues Paulson. "Customers will be able to, in addition to purchasing accompaniments, rent them or even subscribe to our entire library for a monthly fee. We are pleased that our technology assets lend themselves so well to the Internet." Coda Music Technology, Inc. develops and markets proprietary music technology products, including Finale music notation software products and the SmartMusic Intelligent Accompaniment products, a comprehensive system that makes practicing music fun and productive. Although Coda management is in discussions with music publishers, there can be no guarantee that all publishers will agree to Internet deployment of the SmartMusic Accompaniments. Coda will be limited to offer online only those accompaniments that are licensed for Internet deployment. Furthermore, no guarantee can be made that music publishers will grant Coda permission for the electronic distribution of print music. |
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